Mihai_Iacob

Oil to rise above 90

Long
FOREXCOM:USOIL   Rohöl CFD's (WTI)
Since December, Oil was trading in a range between 70 and 82, and after the false break under 70 that happened in March, bulls came back with a vengeance.
The beginning of April is marked by a small consolidation above the 80 figure and just under the resistance and yesterday's candle seems to have resolved "the case" in bulls' favor.
The most likely scenario at this moment is up continuation and most obvious target is the 92-93 resistance zone.
I'm bullish WTI as long as the price stays above 80


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