Crude Oil - Waiting for the Break

Interesting setup on the 4h chart for USOIL with a potential breakout, price has been trading within this area since early December 2016.

Keep an eye on this price structure over the next month! I'll be looking for additional analysis to capitalise on the breakout :)

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Price has broken support at 52.25, I'm now waiting for a retest of the bottom trendline.

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Structure is holding extremely well, price is now shaping up for another selling opportunity unless we see a clear break and close above resistance.