Petr Suchanek

CRUDE OIL long bias

FX:USOIL   CFDs on Crude Oil (WTI)
137 1 1
Since the oil             is just at the botoom of a channel and now it is fighting a pivot level, there is a high probability of bounce to the upper zone of the channel. I highlighted two possible entry levels and two target levels.

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Ok, the oil bounced off the the channel border, so the setup is already in play. If any retracement as a retest of the recent low occurs, it might be a nice opportunity to join the upmove.
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