USOIL Upwards Continuation - 71.50 Next
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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Disclaimer
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.