US Oil has broken through a line of 66.9420 and suggests a possible movement to 67.9482 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
After testing 66.9420 numerous times, US Oil has finally broken through. Can we expect a bullish trend to follow?
