investment
Long

Potential Oil Target

TVC:USOIL   CFDs on WTI Crude Oil
A very bullish open to the new week of the back of NOPEC news. There is still plenty more room for upside, as at the last OPEC meeting we did $5 in a day. So a potential upside target for oil is the support/resistance level from last year at around $56.67.

How we get there will be a matter of debate, some traders see a pullback, other traders think we'll carry on in the uptrend

I'm looking for pullbacks to go long with an eventual target of around $56
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