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marazzaq62

CRUDE OIL - Break out of Descending Triangle is probable

Crude Oil (CAPITALCOM:OIL_CRUDE)  
marazzaq62 Updated   
CAPITALCOM:OIL_CRUDE   Crude Oil
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Price is oscillating with in descending triangle. A bullish break out seems to be highly probable to test the upper bound of the parallel long term price channel.
Comment:
Crude oil price has broken through the triangular pattern and seems to be on course to strike the upper bound of descending parallel price channel.
Comment:
Target is about to reach
Comment:
Target closed as price is about to kiss the upper bound of price channel.
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