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Daily CL Outlook Short Term/Long Term

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
CasualFinance  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Recap: Yesterday's EIA reports pushed WTI out of its short term bullish channel and long term sideways channel.

Short term: After breaking through key resistance levels yesterday and testing short term support on numerous occasions, WTI looks poised for further short term upside.

snapshot

Long term: After breaking through long term resistance, WTI has paved the way for further upside in excess of $70/bbl. Note such breakouts generally return to test resistance-turned-support.

snapshot
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