Crude Oil - Middle East Tension supports technical outlook

Pembelian

CFD pada Minyak Mentah (WTI) (FX:USOIL)

FX:USOIL CFD pada Minyak Mentah (WTI)

trendanalysis chartpattern indicator crude oil us wti commodities

USOIL

Trade Idea

Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud

Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible repercussions following attack
Could escalate further causing prices to rise

Stop would be placed below $52.50

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