TVC:USOIL   CFDs di Minyak Mentah WTI
36 0 7
Happy Sunday Traders,

I want to show some interesting points I am looking at. USOIL             seems to form a wedge formation at the weekly timeframe and is currently holding at the low. The technicals for my bullish and bearish perspective are the following:

Bullish:
- Weekly Wedge low followed by weekly deceleration.

IF we hold, I see this market move all the way back up to re-test 54.00

Bearish:
- Failed to hold above 50.00 key level & possible neckline of the HS.
- Broke below the 50 EMA

Next downside target is 45.00 IF we break the wedge low. Lowest target for me is 40.00

Safe Trading.
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