MTayaib
Long

USOIL LONG BIAS

TVC:USOIL   CFDs on WTI Crude Oil
Looking at the Weekly Time Frame there does seem to be a Double Bottom occurring at 51.40, which is why my long term bias will remain Long unless we have a Weekly close below 51.40, Potential upside targets are huge (500+ pips) as the double bottom is on the Weekly.

4HR time frame we are in a range (Short reversals occurring at around 55.00 & Long reversals occurring at 51.40). If you're feeling ballsy you could trade this current range that it's in.

For my setup we can Look for pullback into 53.00 for Potential Longs (If a reversal pattern does occur). If we do break. through 53.00, Reversal areas for me will be between 51.40-51.70

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