FXBen
Long

WTI OIL LONG TO $53

FX:USOIL   CFDs on Crude Oil (WTI)
Havent traded this for quite a while and as a result missed this entry opportunity.

This had been bearish for quite some time and if you go back on my posts you will find the great short i called down to $44 a few months back.

We recently had a move back up and broke resistance before forming a triangle pattern as we struggled for continuation momentum off the retest. We have now had a breakout long here with a textbook break, retest, continuation on the 4HR chart.

Price is now heading to $53 resistance so will just keep an eye out for any opportunities to get in on the trend up.
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