Steffro
Long

Oil Comeback?

TVC:UKOIL   CFDs on Brent Crude Oil
It is about to break a RSI trend line after a divergence occurred. This indicates a rise in the price the next days.

If it breaks upwards on the descending triangle pattern this will be another good indication.

Also look how close it is the big trend line . This trend line works as a support. Breaking this one might trigger a hard fall the next days.
Comment: Currently breaking out of the triangle pattern.
Comment: Currently testing upper line on the descending rectangle pattern.

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