WTI Oil- Trendline Break - Bounce expected - 7th Nov, 2014

WTI Oil- Trendline Break - Bounce expected  - 7th Nov, 2014

H4 Chart

• Oil is finally showing some support from the Support at 77.
• H4 Trendline break has occurred to further support a small reversal
• Resistance is around the 80 level - but stronger resis is at 84

Outlook Trade opportunity

Could look for opportunity to long it however lower your risk appetite as its countertrend

Risk Level __

Tips -

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