Patiently waiting for a break out signal for crude oil. A break out may possibly lead the market to 33.50,37.50 and 42.50. Additionally, MACD potentially showed a bullish divergence signal for crude oil.
Suggested Long after any breakout of downtrend line, TP 33.50,37.50 and 42.50 with cut loss at $ 23.50.
Would appreciate if you could provide some feedback for following analysis on crude oil. Happy trading, Cheers :)