TheTradingDistrict

USOIL - Breakout and Retest

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Oil has been in a descending channel for a little while. It looks like price broke out of the channel and now making support at lower 52's. Could this be a breakout and retest for a potential upside move?

Potential entry along the 52's for at support if we have confirmation of an uptrend. Looking to target 54's price zone.
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