SimonJonsson
Long

WTI has broken up and formed an upwards channel

FX:USOIL   CFDs on Crude Oil (WTI)
26 0 0
Neither WTI nor Brent did come down at the top of the downward sloping channel as I had assumed yesterday. They broke up instead, not without fight though as seen at the top of the channel.

Now WTI has formed an upward sloping channel, which it also broke up from, and has retested from above.
On monday I assume it will move back into this channel, try it's bottom and continue up.
Longs should be taken when price bounces on the bottom of the channel
I will publish a closer look of this channel too.
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