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TimZhang
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USOIL 16% | 143 XBI 9% | 80 GOLD 8% | 70 GDX 7% | 65
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Break the trendline
USOIL
, 60Long
USOIL: Break the trendline
Updated 

The trendline shall acts as the support line

Watch it hits 32.1 by 10:00 AM Monday
USOIL
, 60
USOIL: Watch it hits 32.1 by 10:00 AM Monday

Hit the support line around 32.1 and make a bounce by Monday around 10:00 AM

Watch the price action and possible breakout or breakdown
USOIL
, D
USOIL: Watch the price action and possible breakout or breakdown
Updated 

This is the price action to watch, RSI and the trendlines.

Sell candlestick formed, ABCD
USOIL
, DShort
USOIL: Sell candlestick formed, ABCD

Bearish candlestick formed, this wave of move is completed.

cannot pass the trendline
USOIL
, DShort
USOIL: cannot pass the trendline

Going lower

trendline break watch
USOIL
, D
USOIL: trendline break watch

Soon will either break the downward trendline or breakdown and falls to the support.

Crude is still trading in this RSI triangle and in this wedge
USOIL
, W
USOIL: Crude is still trading in this RSI triangle and in this wedge

The RSI is forming a nice ascending positive divergence since July last year, expect a nice breakout this wedge soon. The time it happens may around 4/4/2016 or 6/6/2016

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