Break above Res1 UWT Long

Idea : Recently broke above Res1 and pulled back. If support can hold we can climb higher.

Support : OPEC recently agreed on a cut in production.
Support Links :
www.bloomberg.com/ne...-deal-optimism-grows
www.reuters.com/arti...market-idUSKCN1P31Y7
finance.yahoo.com/vi...-talk-171556194.html

Trade ativo:

Pulled back to support. News still coming out about production cuts and their effects. If we hold supp and move into the $12.50 - $16 range there's a lot of potential margin for profit.