EXCAVO

Crude oil

Long
EXCAVO Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
USOIL break up down trend line (white color)

We tested long term support line

Reversal pattern - double bottom
Also I see potential pattern inverted head and shoulders, and now we forming right shoulder.

If we break out MA200 in H4 chart we can reached 38.2% level fibonacci - 55$

But my long term vision of oil
www.tradingview.com/...0-per-barrel-Cycles/

Best regards EXCAVO
Comment:
Trade closed: target reached

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