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Mihai_Iacob

WTI outlook

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
Mihai_Iacob  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Technical Indicators Chart Patterns WTI wticrude wtioil wticrudeoil
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trendanalysis indicator chartpattern wti wticrude wtioil wticrudeoil
2 days ago we spoke about a double bottom that is forming on Oil price, with the necklike coming into place just above 52.00.
Yesterday sellers failed to regain control and the price formed a nice Pin Bar.
We favour long positions as long as the price is above 50.50, with a medium-term target of 57.50
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WTI (USD OIL) Outlook
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