WTI Crude Oil Breaks The Bullish Triangle

 | Sep 18, 2015 04:52AM ET


Crude oil moved nicely higher this week, above 47 which suggests that wave (b) can be already completed as a triangle formation. The reason is sharp move up from 44.30 which suggests more gains in sessions ahead, up into wave (c) that will be targeting levels around 51-53 dollars per barrel.