Crude OIL / USOIL analysis (A bullish run on the play?)

Looking at CrudeOil, it has been consolidating in a range for a while. While there were two fakeouts on this occassion, the price ultimately went back into the range as highlighted in the box below. With the US Dollar Weakening, I am looking for a breakout to the upside and a retest to confirm a buy order. A descending trendline has been broken already but the break of resistance will fuel the price to go even higher.

Trade ist aktiv:

The price has come down for a retest and I have executed the trade. Looking to hit next zone.

Kommentar:

In profit and reaching the target of 64.74.

Trade wurde manuell geschlossen:

The price has started ranging and I am therefore closing out of the trade due to uncertainty of this pair. Will update once there is a clearer picture.