Flea_FX
Long

Oil Has Some Serious Support (Long)

FX:USOIL   Crude Oil (WTI)
Oil
37 0 1
oil
Longer-term H&S pattern still in play; key levels around 44.5 & 43.3 plus 200EMA all providing support for a long move to complete the longer term H&S pattern with neckline around 50.5.

Stop is below & protected by recent swing low, 50 + 200 EMAs, rising support trend line + 2 key levels.

I'm watching for price to close above the 50EMA on the Daily before committing.
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