OsamaAbouzeid
Long

USOIL _ What is illustrated by the chart ?!

FX:USOIL   Crude Oil (WTI)
After massive drop in oil             price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East .

For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel .
4- Valid RSI Regular divergence.
Trade closed: target reached
Very nice chart
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