Crude Oil - Price Structure

16 במרץ 2017

Interesting setup on the daily chart for USOIL with a potential breakout, we have just broken out of an ascending triangle (chart shown below) and price has now hit the 0.618 retracement level right on the trendline.

I'm expecting a pullback before price breaks this level and continues the move lower.

Please feel free to leave your opinion below.