OIL Look for long signal above day resistant level

Long

CFDs on Crude Oil (WTI) (FX:USOIL)

Updated

FX:USOIL CFDs on Crude Oil (WTI)

usoil

OIL price has broken out day resistant level. Today I will look for long signal. It would be better if the price tested the support level (previous resistance) first.

Comment:

I may consider open long trade when price breaks today's high with a reasonable stop loss. Reward:risk must larger than 1:1.

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