Morning Star / Sideways Wedge pattern / Bearish Butterfly

١٧ فبراير ٢٠١٥

USOil forms a wedge pattern with initial Bullish moves in the form of a Morning Star (Boxed in White) hints for further Upside bias.
Expecting to reach 58 level for a Bearish Butterfly completion before further bearish moves.

Note: Correlation of USOil with USD Index is directly inverse to a high degree.