claydoctor

CL!1 Oil need actionable advice

NYMEX:CL1!   Light Crude Oil Futures
2
So Oil is at a very interesting moment, do we go up or down from here or consolidate? Noting the patterns, see chart, and indicators, difficult to tell. Heard a talking head say today that diesel fuel will flood the market, refiners stepping up production, creating over supply, OIL price heading down below 30 maybe soon. Possible per TSI and MACD, if we reflect on 2008 low. But dollar rules the day. Watching GDP this morning report yet. But, I need some help here from fellow Tradingview friends. How to play this move? Through conventional stock portfolio trade platform. Which stock to buy, or futures contract and exactly how to buy futures contracts via scottrade or similar trading platform? Anyone? Thanks for specific assistance, as I use Oil as an indicator, correlating to other trades, never really traded OIL per say before. I believe we go lower here, since dollar ascending still. Dollar turns, when oil hits final support, IMO.
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