OIL is at the Verge of a Breakout

Dear traders,

Oil is trying to make a breakout. Uptrend continuation is expected.

D H3 – 82.60 is the resistance. Trend line is effectively touching the highs. If we see a bullish momentum above 82.60, get ready for a breakout. Bulls will target 83.20 followed by 83.82 and 85.02. Oil is in general uptrend and dips are used for bulls to buy at the better price.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez