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Sander0161

USOIL - Retest of the Uptrendline?

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Sander0161 Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Wave Analysis Chart Patterns Crude Oil WTI usoilshort usoilanalysis usoilprediction usoiltrade usoilsell usoilsignal usoilidea
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trendanalysis waveanalysis chartpattern usoil usoilshort usoilanalysis usoilprediction usoiltrade usoilsell usoilsignal usoilidea
USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.

To be updated
Comment:
snapshot
Small pullback could be starting to play out from this level. Support zone is ~50-50,20
Comment:
snapshot
There is the pullback, first Resistance of 52,20 target.
Comment:
snapshot

We're in a bullish wedge atm with expectations to move up higher after a breakout of the wedge.
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