Oil EW analysis (2015-06-10)

FX:USOIL   CFDs on Crude Oil (WTI)
Oil             is in consolidation for nearly one month. Now it breaks out of the consolidation area and aims to higher value. Because of the overbought and divergence, it might retrace a little bit and then move higher with the initial goal of 63.7.

It will be a good opportunity to buy when it retraces. The retrace goal is around 60.2.

No trigger, no trading.

Good luck!

CL1! is more clear than usoil. The volume might not support break to up. As a result the v wave is fake.
+1 Reply
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