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TheTradingDistrict

USOIL - Price dropping soon?

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
TheTradingDistrict  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Wedge thetradingdistrict Crude Oil WTI Oil WTI crude Crude Oil DWT UWT USO
6
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trendanalysis chartpattern wedgepattern thetradingdistrict usoil oil wti crude crudeoil dwt uwt uso
How much higher will we go?

Price has printed a rising wedge pattern indicating exhaustion in the market. We will be waiting for a break of trend with corrective structure to the downside.
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