Here is a 1day chart of US Oil ( 
WTIUSD). We see a strong invert head and shoulders formation at 2015-2017. At the moment the price of oil picking up and by end of the year or beginning of next year it could reach head and shoulders target of 87.
Addition to that the RSI momentum shows higher lows and 120 EMA became a strong support line for February this year.
In addition to that the situation in the middle east triggers the higher Oil price.
That is not a trading advice, only idea for my personal education :)
WTIUSD). We see a strong invert head and shoulders formation at 2015-2017. At the moment the price of oil picking up and by end of the year or beginning of next year it could reach head and shoulders target of 87.Addition to that the RSI momentum shows higher lows and 120 EMA became a strong support line for February this year.
In addition to that the situation in the middle east triggers the higher Oil price.
That is not a trading advice, only idea for my personal education :)
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