traderpulse

US Crude Oil Technical analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil
After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern.
Two legs of the flag pattern has completed and it is currently at its third and final leg.
Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
Trade closed: target reached

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