US Oil has broken through a support line of a Rising Wedge and suggests a possible movement to 60.8924 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 16 days.
A possible move by US Oil towards 60.8924
