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Crude Oil Breakout of Key Level Opens Doors For Longs

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
Fxprotrader  
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil
11
0
crudeoil
Price has broken above a long term key resistance level and is retracing for a correction. We should wait for price to reach the broken level and see if a buy setup will complete. Waiting for a bullish setup or a correction above the broken level is very important as price may retrace below it stopping us out if we go long from this level.

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