CFDs di Minyak Mentah WTI
Panjang

US Oil Breakout Coming?

135
Oil showed a nice downtrend displaying lower highs and lower lows, and when we hit the 55.50 zone, we began to base.

You can say we did make a range/bottoming pattern. It shows us the trend exhausted.

After breaking above the lower high swing at 56.80, there was a chance we could see an uptrend (or range).

I like the bottoming pattern we do have here on the 4 hour chart. If we get a break above the 57.50 zone I would assess the trade for a long. Ideally, I would like to see a bit of a pullback before breaking higher. This creates a higher low for us.

The 60 zone would be a good spot for targets.

Penafian

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