RLinda

Crude Oil ! Pre-breakdown consolidation. Up

Long
NYMEX:CL1!   Light Crude Oil Futures
Oil is in a local uptrend and perfectly works out the boundaries of the rising channel. The instrument has potential for growth, the price is trading in a sideways range.

I assume a breakdown of the resistance of 103.94, provided that the price starts to form an approach to the level in the triangle. I think if we break through level 103.
94 then we can expect the price to rise to 108.75

Sincerely, R. Linda!

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