PowerTrades

USOIl CL_F crucial zones to watch out

TVC:USOIL   CFDs on WTI Crude Oil
Crude is nearing a very important zone here, Looking at last year's profile, we are appearing near a crucial low volume node ( marked in red zone).we should
1. either have a breakthrough the zone, then we are looking for a serious uptrend here or
2. look for a failure and a reversal from this area back into this years volume areas.
Comment: USOIL took support in the lower end of the band and has now broken well above it. upside targets are marked.