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JackBauer007

USOIL Long Term!

CFDs on WTI Crude Oil (TVC:USOIL)  
JackBauer007  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Triangle Crude Oil WTI
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trendanalysis chartpattern triangle usoil
USOIL is trading in a large triangle on the monthly chart. It has broken down the triangle. It is possible that it is a fakeout.
I see RSI is oversold on Monthly chart. Watch out if the price comes back into the triangle then it turns the trend in the long term.
Short term chart is also posted here.

Disclaimer: Not a recommendation to buy/sell.
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