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Mahtab_Tradia

USOIL Rise

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
Mahtab_Tradia  
FX:USOIL   CFDs on Crude Oil (WTI)
Support and Resistance Multiple Time Frame Analysis Triangle Crude Oil WTI Commodities Oil CFD
27
19
supportandresistance mtfa triangle usoil commodities oil cfd
USOIL has a bullish trend and price broke the daily resistance zone from November 2021, and could fix above it.

In the 1H chart, a little symmetrical triangle pattern and also a pennant pattern have been made by price.

Currently, the pattern is broken out to the upside by a strong large bullish candle closure above it.

We can expect more rise for USOIL to the next 4H major high at 81.780
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