Crude Oil; Time To Turn Bullish?

NYMEX:CL1!   Light Crude Oil Futures
391 2 6
Yesterday, bulls managed to break the upper, descending boundary of the contracting triangle temporarily but faced stiff resistance and failed to hold onto their gains. But taking into account the fact the inability of the bears since late August to push the price lower significantly, I favor an eventual bullish breakout of the triangle for a thrust to the 54.5 - 55.5 area.

Good luck,

Ali             Sharif Azadeh, CFTe
This triangle has been broken decisively to the upside.

Good luck and enjoy the bullish run.

Ali Sharif Azadeh, CFTe
what the positon on this triengle
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out