FXBen
Long

Oil (WTI) Potential Long Term Play

FX:USOIL   CFDs on Crude Oil (WTI)
We have a potential play setting up long term on Oil . On this weekly Chart you can see we are forming a nice Head and Shoulders reversal pattern on the Weekly chart and are just waiting for it to complete and breakout to the upside for confirmation.

On the break of the neckline we would be waiting for the price action to present a good entry point with the first targets being set at $61.80 resistance followed by target 2 at $74.50

One for the watchlist

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