jthrasher

Crude Oil breakout

Long
jthrasher Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Oil diverging from the rest of the market positively the past few days. Indicators very healthy and clean pattern break on the daily.
Comment:
Certainly possible that it fails this breakout but looking at the futures chart based on open/close prices (line chart) it looks to be finding support on this retest and prior consolidation level on the previous move upwards. Recent fundamentals are seemingly bullish imo as well.

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