FX:USOIL   CFDs on Crude Oil (WTI)
1
We are either correcting toward 54 or breaking out higher as early as this week.

Pennant pattern developed, maybe a flag pattern. Channel is difficult to gauge... Either black or blue depending on how you see it. Based on the symmetry of the pennant I'm going with black. I'm currently long with a target in the high 60'2. I will add to my position if it corrects to 54.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.