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ThinkingAntsOk
Aug 5, 2020 11:46 AM

We have a Breakout on Crude Oil 

Crude Oil FuturesNYMEX

Description

Main items we can see on the chart:

a) The price has been ranging on compression for a long time

b) After that we observed a corrective structure being formed above that compression

c) Last week we were waiting for a breakout of the corrective structure to confirm a new bullish movement

d) Now we have the breakout and we expect a continuation of the bullish movement towards the next resistance zone
Comments
ProjectSyndicate
premium info, thank you for sharing!
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