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charlie12

Oil Bounce Play

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
charlie12  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Oil SPDR S&P 500 ETF (SPY) crude XLE gush
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trendanalysis chartpattern indicator usoil oil spy crude xle gush
We've gotten some good price action around the 63.45 area. A close above the downtrend resistance line and this becomes a longer term Bull play. It's important to wait for a confirmed "Bullish Reversal Candle". I'm expecting a bit more downside before this Long play plays out.

Happy trading,
Charles
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