USOIL - "The Syria Effect"

TVC:USOIL   CFDs on WTI Crude Oil
151 0
So, let's say you think the activity in Syria is going to make Crude pop on Sunday night. Okay, but that isn't a plan is it? How much is it going to pop or, in other words, where might you want to think about taking profits? We are above all the near term resistances, so where might we see some push back?

Here, you can see that the current price sits just below a minor consolidation region from December 2014. The top of that region may present the first obstacle. The chart to follow shows that the 12/2014 top also corresponds to some late 2000's pivot zones (a period which also includes, in my view, another potential resistance).

Best of luck.
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