Ascending triangle on weekly chart

17 Kas 2016

Lets see how this plays out the next weeks and after the upcoming Opec meeting late Nov16. I am expecting a break out upwards that will have price recover up to around 60, the prices highs of May15.

20 Kas 2016

Not

Looking at it all over again, we might see a minor correction upwards to complete the E leg, followed by a stronger breakout of the triangle downwards..

Fell free to comment,
Have a great week ahead fellow traders:)