CFDs on WTI Crude OilUpdated potential breakout on USOIL
I mentioned yesterday there was daily bull divergence and now we are starting to get over the channel trendline. We've gotten over it before only to be sold off rather quickly, so I'm just putting a caution out there. Bulls want to see 88.50 hold if there is any sell off. Over 93 and holding would be very bullish and probably would rally to about 104 minimum quickly. Nothing is clear yet.
Note
closeup view. Note
oil is struggling with that 91 area. It's possible it won't go much further than here, but it's hard to tell at this point. 
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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.