RationalTrader

current situation

FX:USOIL   Crude Oil (WTI)
113 1 5
Big engulfing candle on Friday, having the daily candle close within old daily positive trend again, a corrective move along positive trendline will confirm the uptrend continuing.
Comment: Currently price has built more momentum to go higher and is inside an ascending triangle. We might get an explosive move out of the triangle to above recent highs now next week.
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