goodguy

Short term f/u on oil. Correction over?

TVC:USOIL   Crude Oil (WTI)
92 2 5
Possible reversal candle today between the .786 and .84 correction levels. We'll see if follow thru tomorrow to break the 2 hour down trend line and have a positive end at the day. If so I will likely go long with my stop a close below the recent low of 42.53. My overall long term view has not changed. There is a bullish divergence on the 2 hour chart and a positive reversal on the daily RSI (if it holds). Take care. Hope this is helpful but follow your own rules. Best to ya.
Comment: Oops. Recent low was 42.18. Insert above.