USOIL - KOG

Quick update on Oil:

This has worked well for us in Camelot not only giving nice swing trades but enabling us to trade it level to level using Excalibur. We have a target on this way up above and well as one below. We can see the 6H is in a descending triangle and the resistance is sitting between 100-102. We mentioned a few weeks ago that this will need to test the pattern bottom which it has done, what we want to see now is if this is a confirmed triple bottom and we break out of the trend, or if this breaks below to hit our lower Excalibur target and then resumes the move.

This is more for reference, we'll update as we go along.

As always, trade safe.