USOIL update - still in range - 6/9/2015

Crude Oil (WTI)FXCM

Description

⋅ Jun 10, 2015 2:18 AM

It did make a higher low. I will be bullish again if it can go above red resistance. Note 50 day MA and 100 day MA uptrend are till there.

Crude Oil WTI

Comments

SMP99

⋅ Jun 10, 2015 2:24 AM

Might be trying to breakout now. 1st attempt failed. Above 61.50 would be encouraging for further upside.

CosmicDust

⋅ Jun 10, 2015 11:11 AM

Thanks! That is an excellent perspective.

goodguy

⋅ Jun 15, 2015 1:14 AM

Cosmic, I like your analysis and thank you for sharing it. Very kind of you. From the 2 hr chart I think the triangle may be complete. Have a great week. Goodguy.

CosmicDust

⋅ Jun 15, 2015 10:19 AM

Thanks! Like your rising channel and hopefully it can play out that way.