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CromerKing
May 22, 2017 9:28 AM

US OIL slightly longer term view with major trendline 

Crude Oil FuturesNYMEX

Description

Currently got an outside channel test which even if it breaks above there's that huge downward trendline not far above which is bound to give us some resistance. Break above and then a test of that we could be looking at continued bullish action. Look for the cheap trade with tightest stops on the test of the trendline if this is the case.
Comments
ploskyx3
purpurato59
It will be very hard to break that blue one and go above the green zone, I think it won't be on '17.
Bryan_Ali
there is a resistance trendline from mid 2014 as well..

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