Oil on the rise

FX:USOIL   CFDs on Crude Oil (WTI)
WTI / Crude / CL / USOIL

Whatever you want to call it I see a bread and butter H&S pattern playing out

Wouldn't be surprised if we see another test of S1 to shake weak longs out but the support held well

Right shoulder pull back currently bounced off the 50% retracement level which is another confluence i look for

Strong inverse dollar correlation could mean that with my bullish dxy bias the pattern may fail to S2 so will be monitoring DXY closely

Related Ideas


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out