OANDA:WTICOUSD My Short Position = 14.447 Dollar Stoploss = 14.166 Dollar Between TP = 3.239 / 1.997 The Main Problem With Oil Business is "plenty with oil storage"
weekly triangle breaked and taking support on previous week's resistance so up move expected..... target 1 is $61 target 2 is $64 stop loss 54.90
Crude Oil four hour chart looks bullish
It's seems WTI Crude Oil making it's bottom following nice positive volume after so long.
Reasons for being bullish on OIL :- The last correction to $58 ended up forming Double bottom base formation RSI not hitting oversold level of 30 on daily charts Breakout above double bottom and retesting its neckline at $60.71 Forming a cup & handle formation and a break above neckline last friday Macd backing it up with a positive crossover Rsi above 50 adds to...