Oil refuses to break - page 2

 

It's currently testing 39.50. If it breaks above that level next week we might see it reach 42.00 - 43.00.

 

Would oil be able to keep its speed? WTI oil may have reached a resistance on the daily chart, but it may still continue higher.

 

It broke today

 

Oil has broken may important resistances and it may have changed direction to the upside, but a pullback may be in the works.

 
The bullish trend on the daily chart of oil wti is still in place, but be ready for a possible pullback.
Reason: