Black Gold Breakout on the horizon

Good Evening Dynamic Traders,

We have a possible breakout of crude oil on the horizon after a period of consolidation. The overall recent trend has been up and therefore a break up would not be surprising. Price has tested the resistance but has failed. It has now broken through one resistance level and now its time to wait and see if it can break through the next and show signs of continuation. MACD is showing good momentum at present.

If price fails to break through, the smart money will notice the possible signs that will turn into reversal signals. As mentioned previously, no one know what is going to happen. The best preparation you can do is to not make any assumptions but be ready and act on the signals that the market provides.














Emotion Free Trading!
Bijal Shah