Oil Long based on current trade signal from open range breakout

FX:USOIL   CFDs on Crude Oil (WTI)
312 0
Oil Long based on current trade signal from open range breakout - however we have stalled and are looking to keep support above the open F0% 89.70. or bounce or fake out at the current weekly low of Week S1 89.43 - the green horizontal line. The Ideal target f100% 91.57 which is also confluent with a retest of resistance at 91.50. Above this we can see the monthly high of 92.94 the red horizontal level.

If we break short and sell off below 89.43 - f100% 87.83 area is the ideal target along with the monthly level 88.18
the green horizontal level.

It may take one or two days to get to those levels - or quicker if we see a full day range - of 187 ticks or more today acquired today.

These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: http://www.indicatorfactory.com/tradingv...

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