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breakoutfakeout

USoil go long. Divergence + fakeout

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
breakoutfakeout Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI WTI wticrude wtioil Oil oiltrading
6
6
trendanalysis chartpattern indicator usoil wti wticrude wtioil oil oiltrading
Oil looks really strong after the fakeout break of the rising wedge.

Lovely divergence to on the 1 hr charts, could go a lot higher. Stop below the divergence
Comment:
Targeting $43 which is just below the gap fill on the Dec contract charts

snapshot
Comment:
And coincides with the rising trend line of the current rising wedge
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