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InvestitoreComune

Crude Oil: is this a false breakout or not?

CFDs on WTI Crude Oil (TVC:USOIL)  
InvestitoreComune Updated   
TVC:USOIL   CFDs on WTI Crude Oil
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Hard to say if it's a false breakout. We need a confirmation: price will bounce or re-enter in the main channel? We'll see.
Comment:
Long confirmation will arrive if price break 49 resistance level
Comment:
crude oil is retesting channel bottom. pattern still valid
Comment:
It clearly was a false breakout :)
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