Oil Daily Analysis - Coin flip time!

FX:UKOIL   CFDs on Crude Oil (Brent)
My longer timeframe bias is short, but looking at this daily chart , it's a total coin flip.

ADX , D+ and D- are all below 20 which basicaly screams "no clue what to do, stay out". Often markets will range when that happens, at least until momentum picks up. So while I favor shorts at the moment, I'm not exactly expecting longer sustained moves in either direction.

Any short breakouts will try to aim for the previous low around 45, and a push higher could end up somewhere between 70 and 80.

Someone hand oil             a roadmap and compass please, it's currently lost! Kick in the ass might help too.

Buy under cloud and hold.
TradeApe PRO PolarSolar
True, but as long as ADX remains below 20 I'm not paying moves too much attention. Might range for a bit longer before making up its mind.
War on Far East and is coming. Low ADX now is perfect to buy before all happens.
Nice uptick today, but my overall view hasn't really changed. ADX suggests momentum's still crap.
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