WTI Crude Oil/U.S. Dollar climbs to Nov 2015 resistance level @50.50 on July 31, 2017 only to find itself met with killer bears fresh from hibernation. The Nov 2016 low @ 42.23 has held as support for nearly a year as price looks to return. Bulls will contend for position strongly @ the 48.28 range, and again at the 45.57 range if approached. Trade well good people. @CryptoSeraph
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USOIL continues sideways intra-day as price pullbacks but does not break previous day high @ 50.23 range. Bulls have limited steam.
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Daily MACD continues to show Bullish stochastic sentiment, while the Weekly and Monthly charts show Bearish MACD sentiment. Market sideways possibly until market open Thursday July 3, 2017.
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After a week of back and forth battle for dominance, the Bears maintain advantage as price fails to reach any previous week highs.