CasualFinance

USOIL 7 Day Outlook

Short
FX:USOIL   CFDs on Crude Oil (WTI)
EIA report time people, 10:30am today, probably gonna see some big moves. https://www.investing.com/economic-calen...

On the daily:
Snap Indicator - Short term bearish trend confirmed, long term still bullish
RSI - In bullish trending territory, neither overbought or oversold
ADX DI+/- - Suggests start of trend, still bullish here

Trendlines - CL failed at resistance in the long term bullish channel . Some consolidation or downside action is likely before reversing.

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