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CFDs on WTI Crude Oil
Short

CRUDE OIL (WTI) When Will This Bullish Move Stop?!

By VasilyTrader
Updated
snapshot

20% + net growth on WTI since the beginning of this year.
Bullish rally is sharp and we haven't seen a decent pullback for quite a while.

Now the price is quite close to a major monthly trend line.
Since 2008 the price perfectly respects that and we saw a strong swing moves from that.

I believe that this time at least a pullback will follow.

The area around 60.0 level can be a nice psychological zone,
pay attention to that and look for a confirmation on lower time frames.

Good luck!
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