AndreasMunz
Long

Break out of triangle; if it holds target at 50.50

FX:USOIL   Crude Oil (WTI)
In the meantime, resistance levels at previous highs 4725-47.50 49.50 and upper Bollinger bands , 100 day MA (currently at 51, but sloping down).

Target based on breakout of the triangle and triangle width which leads to a target projection of 50.50ish

Buy signals:
+ 9 day and 20 day MA crossed 50 day MA
+ Breakout of triangle

From the news:
+ Hurricane Joaqim
+ EIA: lower production
Comment: It did not hold yesterday and we are back in the triangle, hence staying neutral until further notice
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