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DK_Investment
Jan 17, 2019 2:54 PM

WTI OIL - head and shoulders incoming/This could pump oil to 63$ Long

Crude Oil (WTI)FXCM

Description

Current price scenario looks like a big H&S is incoming. Formation time is almost perfect (1-2 months) and support lines are within right shoulder.

Lets see what time will bring.

In short term I am still bearish but in long term bullish (if this formation is completed). If the right shoulder should breaks down I see a fast retest of 42-44 $ incoming

Trade active

move stop loss to 52,90 - full confirmation with breakout above 54,50
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