The breakout of US Oil through the 70.2595 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, US Oil could test 71.2452 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 70.2595 numerous times, US Oil has finally broken through. Can we expect a bullish trend to follow?
