Chartist4312

current situation

Chartist4312 Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.