WTI CRUDE OIL, DAY CHART, LONG (11-DEC-2016)

Crude Oil is trying its 2nd attempt to break the
resistance zone.

There are 3 possibilities here:
1. If it break the resistance zone, wait for PB
to the resistance zone and a bullish signal to long.

2. Eventually, it might form consolidation near
the resistance zone. If breakout, can directly long

3. If there are 2-3 "2 BARS REVERSAL" to trigger
the BEARISH movement, we will change our
view to short!

A Risk to Reward of 1:3 for this trade :)

Fundamentally, the crude oil price rally is due to the oil production cut by OPEC and potential cut from Russia and NON-OPEC Countries. The production cut might not able to reduce the current global stockpile significantly. It might be the reason to hold the crude oil price trading in the range!