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Crude Oil (Daily Chart) - Bullish Inverted H&S Breakout!

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis Oil Crude Oil Technical Analysis priceaction oiltrading synapsetrading
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trendanalysis chartpattern beyondta oil crudeoil technicalanalysis priceaction oiltrading synapsetrading
After a period of indecisive sideways movement, this counter has managed to break up to new highs.

Based on the price pattern, it has the potential to reach the 77.76 area, which is also a resistance level.

Recent news is also bullish for oil prices.

Will be taking a small position and building up.
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