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AlphaDreams

Oil Channel and reaching upper trendline Monthly

CFDs on Crude Oil (WTI) (FX:USOIL)  
AlphaDreams Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Oil
3
1
trendanalysis oil
Watching oil around 78 on downward trendline as well as upper channel. Look for either pullback or breakout.
Comment:
Watching for possible smaller retrace upward before completing pullback to low 60's before resuming upward movement. Will add to longs if we see a bounce near channel bottom / 62 area.

snapshot
Comment:
I added a dotted line showing possible area of support while it dips in case the pullback is shallow.
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