FX:USOIL   Crude Oil (WTI)
44 0 1
Monthly: LT             chart posted earlier which is bearish and very extended.

Weekly:
-Bearish ichimoku
-EWO has some divergences
-RSI still below 30
-Prices below Tenkan

Daily:
-HA Doji
-EWO and RSI divergence on lower low
-ST bearish momentum drops
-Ichimoku is overall bearish

4H:
-Prices snap back into head and shoulder neckline
-100 wma and 200 sma above price alongwith cloud
-EWO is green
-Neutral Ichimoku as prices cleared Kijun

So , what do we do now? We wait for PA to guide us. Look for HA here. If we can clear the orange zone and then prices come back to test it and support holds, then long can be taken.Daily ichimoku resistance comes around 35-35.50. If we clear that ,then 38-40 region. But if this zone act as resistance, oil             can keep going lower. Watch the PA for trade signals.
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