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USOIL | UPSIDE POTENTIAL

CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns Crude Oil WTI usoilshort usoillong usoilanalysis usoilforecast
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trendanalysis harmonicpatterns chartpattern usoil usoilshort usoillong usoilanalysis usoilforecast
USOIL has been taking support from a long-term rising trendline. The oil is also trading in short-term bullish parallel channel.

We are expecting a breakout above 115 for an upside target of 130.

Alternatively, horizontal support is present at 96. which should be used as a strict stop-loss.

A break below the level will be all over for the bulls.
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