The price of US Oil in heading in the direction of 66.1077. Despite the recent breakout through 66.9375 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
If you’re long US Oil you should be aware that 66.9375 has just been breached – a level tested 7 time in the past
