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mohammad1372

Possible short position on the break out

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
mohammad1372  
FX:USOIL   CFDs on Crude Oil (WTI)
Chart Patterns Beyond Technical Analysis Crude Oil WTI
12
2
chartpattern beyondta usoil
Hi

USOIL could test the support once again before jumping up, as clearly shown it couldn't break the 34$ resistance USOIL area which is crucial for upside movement of the price.

Even get your eyes peeled for Saudi Arabia and Russia for further pricing of the OIL.

If the price breaks above the resistance area and consolidates above it this trade idea is invalid.
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