TVC:USOIL   CFDs on WTI Crude Oil
Shoulder Head Shoulder Pattern in USOIL .

Comments

Good catch! I missed that. Although, it looks like the H&S formation is complete, and with todays daily candle being a "Bullish" hammer formation (forming on the "bottom"), which would indicate to me that we have probably bottomed out for now. Add to that, the STOCH/RSI is now in oversold territory. Now the key will be whether the Bulls have enough gas in their tanks to break out above the top line of the descending channel. We shall see....
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Is it still looking like downtrend or could it go to high 48s first?
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WHAT'S THE TARGET OF CRUDE
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TradingDreams DineshSoni
@DineshSoni, 46-45-44
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DineshSoni TradingDreams
@blacktronix, thank you sir
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