FX:USOIL   CFDs on Crude Oil (WTI)
The OIL started a recovery in late August and then entered a RANGE which lasted approximately 10 days between the Zone of “22.400 and 27.600”, it subsequently rebounded before stopping its progression in a long RANGE of a month and a few days in the zone between “37.180 and 42.500” however the OIL has just broken a resistance “42.600” and it is in the process of stagnating around the later. This is why I will wait before doing anything till the confirmation of this breakout in order to avoid a possible return to the old Range zone.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.