The big picture is still looking pretty bullish Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ... But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?! How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD Why ??? Let me shortly...
I wait the price to fall down to 51,75 respectively even to 51,20. I assume gap close and testing of previous levels marked green. Buy at these levels with tight SL. Take profit next week at 56,90.
Don't use these often, but this is the price/action of oil on the way down, mirrored
LONG setup active on break of triangle, nice risk and reward ration if the trade plays out well. good luck
USOIL there is a little bit power to goes up, (TP:46.04) after down, then up again, this is my opinion!