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Light Crude Oil Futures
Long

Bullish Crude Oil

By Mikkelfo
Crude Oil is signaling a possible reversal. We have a falling wedge, a 5-wave pattern and bullish indicators (with weekly divergence). Therefore everything is signaling an uptrend. The only problem is that we have a lot of resistances overhead, which might make the uptrend either choppy or unsuccesful. However, everything in the chart is screaming "UP"

Weekly chart with RSI/MACD divergence
snapshot
Crude OilcrudeoilwtiLONGOiloilforecastoiltrading
Mikkelfo

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