WTI Crude has reach historical TL support

FX:USOIL   CFDs on Crude Oil (WTI)
The OPEC discussion In November 2014 has ultimately confirmed the formation of a triangle on the monthly chart.

The WTI crude has replicated somewhat the momentum of the 2008 crash. Giving way for a probable bullish correction in the net 1/2 years. Rejection at the supporting historical TL will push price back upward toward the 50/61.8% FIB levels where ichimuko cloud resistance and span resistance will cause threat. This can be a long term trade for investors however is a sign that long positions are more probable for medium term traders like myself. The triangle indicates a bearish push, by 2020 we may see oil             at less that the historical support at 38.50.
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