Daily Outlook of USOIL

TVC:USOIL   CFDs on WTI Crude Oil
USOIL the pair rally after the news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. Prices remained elevated, as the issue will reduce production by nearly 100K barrels of oil a day. on the otherside ,technically the pair look strong, we can see soon 60.50/61.60, but currently the pair pause on touch at $60.00 barrel, on daily time frame chats made double top under the trend range,on1hr time frame MACD is not supporting overall we don't buying this area, we can see one leg down towards 59.10/58.60 before going another high.


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