Trader_97

CRUDE OIL WILL WE SEE A BREAKOUT ??

FX:USOIL   CFDs on Crude Oil (WTI)
37 0 0
AFTER CLOSING YESTERDAY @ 42.04 WITH A GOOD LOOKING ENGULFING CANDLE CRUDE OIL             FAILED TO PUSH HIGHER TODAY.CURRENTLY TRADING AT 41.04 AREA.... PRICES CONTINUE TO TRADE INSIDE OF THE TREND LINE RESISTANCE FROM NOVEMBER 5TH.LUCKILY WE HAVEN'T BROKEN YESTERDAYS LOW @ 40 AREA WHICH LEAVES US WITH LITTLE CHANCE. FOR ANOTHER POSSIBLE MOVE HIGHER.WAIT FOR A CLEAR BREAK ABOVE THE TREND LINE RESISTANCE TO GO LONG.STOPS CAN BE PLACED AROUND THE 40.00 MARK WITH A TARGET OF 42$ - 43.8 $ .... I BELIEVE 44 AREA WILL BE WHERE WE MAY SEE ANOTHER BIG REVERSAL . MINOR RESISTANCE TO WATCH OUT FOR ARE 41.56-42 , 42.25 - 42.56 .... MINOR SUPPORTS ARE 40.74-40.24
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