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rubr

Short term bearish, long term bullish

CFDs on WTI Crude Oil (TVC:USOIL)  
rubr Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns
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trendanalysis chartpattern
I think the euphoria around Iran and supply cuts has been temporarily overbought. I could see oil dropping back to the 50MA and possibly the bottom of the channel, before continuing upward for the rest of the year.

I don't think it will go near the 200MA.
Comment:
So far so good...
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