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US Oil Bullish Outlook

Long
TVC:USOIL   CFDs on WTI Crude Oil
US Oil Update: Broke previous high in the gap @ 77.28. Bearish Divergence with Bearish engulfing pushing down to establish new SUPPORT around 71.59 (Candles) 27.43 (RSI), which will confirm a Cup & Handle Impulse pattern. Retest @ our potential entry of 73.93 (Candles) 34.66 (RSI) to give us that sling shot/impulse to 92.46 (Candles) 86.69 (RSI).

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