aceofswords
Long

USOiL Monthly Charts LONG And Winding Road

FX:USOIL   Crude Oil (WTI)
363 3 7
With oil             fundamentals, objectives and agendas changing on an almost
daily basis, a cautious long to 50% retracement level seems preferable.
With this monthly chart a useful guide to USOils possible pathway over
the next few weeks.
What I'm looking at is this zone 61.8-161.8 for Oil price to remain beginning 2015.
snapshot
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fximperija fximperija
I don't think CL will test the TL below $50.
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Dont forget strong trendline support at 47.--
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