ElPatron.Y

This hopeless black gold and the last hope.

Long
FX:USOIL   CFDs on Crude Oil (WTI)
16
HUGE falling wedge is being made here, crossing the last downtrend channel at 36.70. Lower line of this falling wedge shows at the same time a megaphone pattern.

The SL is at the channel support in the chart visible below.

If that channel breaks we will see price in the 20's. That would be a serious world disaster then...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.