USOIL Upwards Continuation - 71.50 Next
Updated
Hello traders,
Spotted US oil to exit the local channel (blue) and test). As the channel itself serves as a flag pattern, we may see an upwards continuation of the price towards 71.5 from current level.
Target 71.5 is based on the length of a flag pattern first leg.
Spotted US oil to exit the local channel (blue) and test). As the channel itself serves as a flag pattern, we may see an upwards continuation of the price towards 71.5 from current level.
Target 71.5 is based on the length of a flag pattern first leg.
Note
A closer look at the price where the price tested the channel breakout. Now we expect it to go upwards 200 cents.Trade active
Trade active
Trade closed manually
Target reached.
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