dannyb888

USOIL coming to the end of a symmetrical triangle on the weekly

TVC:USOIL   CFDs on WTI Crude Oil
This large multi-week symmetrical triangle on USOIL is of interest to me as it is ready to break out at any point now and could signal the start of a large trending move to the upside or downside dependent on the direction it breaks. Due to fundamental reasons I believe the break will be to the downside to take out the recent lows near $40 but I will be trading the breakout upon a weekly close confirmation of the breakout.

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