USOIL - Upside looking promising......
Price has rejected the 4 hour 50ema, intra day support at 55.15 and the counter trend line with a huge bullish engulfing - can we expect a push to the upside from here?
A break above the previous high will confirm long positions. As a result we will naturally see some CAD strength.
If price fails to break above the descending trend line and previous high - then we are still BEARISH.
IG: thetraveltrader
A break above the previous high will confirm long positions. As a result we will naturally see some CAD strength.
If price fails to break above the descending trend line and previous high - then we are still BEARISH.
IG: thetraveltrader
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