Kumowizard

Still neutral but close to critical bearish level

FX:USOIL   Crude Oil (WTI)
1054 0 6
It really must hold 43,15, or else it will collapse to/below 40 again.

Technically I do not see any signals yet, which could be encouraging for Bulls, unless that all bad news are out, and Price still did not make a lower low below 43,50.

I still do not recommend bottom fishing, as HFTs can easily try some push towards 43 and a stop hunting to shake out positions from weak hands. Swing buy signal needs Heikin Ashi confirmation: minimum a candle with upper and lower wicks. I think the safer level to enter swing longs today or tomorrow would be only ard             44,40+ with a stop buy order. For now Heikin Ashi is still bearish .

Be patient! ... I know that's the hardest part of trading and investing :-)

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