Skipper86

Oil bullish arguments outweigh bearish to start the week off

Long
TVC:USOIL   CFDs on WTI Crude Oil
Bullish because red channel breakout with kickback. Bearish because green channel breakdown with purple channel head and shoulders. Good chance it goes up to ~81 to retest neckline before going down to 75 h&s price objective, possibly 70 major uptrend support, or just goes up period. Bullish bias to start the week, need more data beyond that.

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