BaliShag

Three important lines to watch next week

FX:USOIL   Crude Oil (WTI)
This is the first "idea" I'm posting here and I consider my self quite new to this. Pretty basic stuff and no predictions - just want to point out, that three important resistance lines are crossing just above our heads. The following week we'll properly touch the daily MA50, the top trendline of the down trending channel + the $54 resistance. All are in the $53-$54 area, which makes this a very important area to watch. Besides this it looks like we could be about to form a triangle formation, best visible on the 1h chart, which could point towards another massive move this coming week. . Exciting week ahead! :)
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