Crude Oil | July contract continues to look bullish

May 10, 2020

• the trend change of crude oil started at 29 Apil, signaled by RSI divergence or RSI failure swing
  
• the second green arrow indicates the second long position, which was the buildup of a to-be breaking double bottom
  
• an ascending trendline was then formed, which is never broken
  
• the price then broke out, half of the profits was taken at the red arrow, by expecting a pullback
  
• the third green arrows indicates the re-entry at the consolidation area
  
• as the last trading day of June contract is approaching, July contract will be a better trade