MANOLIS

Crude oil mid-term trading outlook

TVC:USOIL   CFDs on WTI Crude Oil
WTI crude oil prices rose significantly with a very modest rally in the last few sessions!!

on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!!

the potential targets are fibo50% and Fibo61.8%
Taking into account the previous AREA GAP DOWN. :=)


P.S.
Personally. I work only intraday:=)

Good Luck Folks.

Comments

It just broke the trend line.
I think it will go up more and more
Reply
MANOLIS danta_master
@danta_master, You think well:=)
Reply
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