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Jonny_Fortune

Failed Trend Line Breakout Triggers Long Opportunity

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Jonny_Fortune  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Wave Analysis Oil WTI wticrude Crude Oil WTI Technical Analysis
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trendanalysis chartpattern waveanalysis oil wti wticrude usoil technicalanalysis
Last week Oil failed on a breakout of the upward sloping trend line and traded back above the key support level at 47.28. Price is now consolidating above both the key support area of 47.28 and the upward sloping trend line pointing to an impending rally in Oil - The next key area of resistance and test for the bulls it at 51.70.
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