USOIL - Bracketing A Breakout Opportunity

As traders we want to be predictive in our analysis and reactive in our execution. And there is no easier way to follow through with this concept then on a bracketed breakout trading opportunity.

Oil has recently been on a short-term bullish run which has ended with price entering a period of consolidation. Consolidation leads to expansion so I do expect a future breakout to occur.

The question however is in which direction. If I knew the answer I would bet everything I have including the house and the kids on it but unfortunately I don't. (and my wife would kill me).

What I do know, is that there's a good chance that the market will give us a clue of what direction it wants to continue in and that's what I'm waiting for with this trading opportunity.

If you have any questions or comments please leave them below & be sure to show some love by hitting that LIKE button before you go.

Akil