lucky human foot

Oil at a 15 year trend line

FX:USOIL   CFDs on Crude Oil (WTI)
455 2 8
Oil             is at a breaking point. If the current 15 year old trend line holds it could mean a significant uptrend for oil             , but if it drops trough it could go down to 40 $. I will monitor closely what happens when it touches the trend line .

Yes, it could like a good trading setup for a long position. The fundamentals are however pointing toward an even lower oil price. Read more here:

I will see what happens when it touches the line and if it holds I will open a position
Nice chart, with horizontal supports and trendline support.
+1 Reply
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