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OIL - CLOSING ON THE 10 EMA WITH STRONG VOLUME

CFDs on Crude Oil (WTI) (FX:USOIL)  
chartwatchers Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
16
12
Oil closed on the 10 EMA with strong volume today. This fight is not decided yet.
It is looking better for me than yesterday. We are on day 21 in the 2nd daily cycle.It's simply too early to start the move into the daily cycle low. So this week and the next is still there for oil to rally.
In this decline we have maximum tomorrow and Friday to tag the 20 EMA.
Comment:
A higher high on the hourly chart.
We turned up from the 300 EMA.
The bull is back.
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