Oil is breaking above the congestion triangleÂ
Oil is breaking above the congestion triangle 66.60. This breakout can lead to continuation higher in a rising wedge to target 75. Strong support stays at 66 and any pullback to this level should be used for maintaining or building a buying position. It is now clear that Oil is in the upside continuation after a strong long-term 61 level breakout.
Note: look for a long trade entry with the stop loss below 68
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine and let some funds be run by us! Copy our trades!
