dchua1969

Oil play coming up

Long
dchua1969 Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
See weekly chart
Comment:
If the candle of 16 Sept act as the Head of the H&S pattern, then we can assume that the price in the upcoming weeks could head up to 60.33 to 60.88, acting as the right shoulder. The left shoulder is the candle of 15 Jul.

Also, this current candle is a bullish engulfing candle, a bullish signal which acts on to my confidence.
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