Oil chart. Conventional indicator considerations (notes on chart). USOILWTI CL_F #OOTT #OIL USO UWT DWT 729 PM Dec 10, 2017
- Stoch RSI on Daily has curled up.
- SQZMOM is flattening and trending down.
- MACD is trending down.
- Upper trendline resistance is above price - briefly in recent trade breached but has since been rejected.
The battle continues, but watching the trendlines for trading range seems to be a valid consideration for any trades entered long or short daytrading or swingtrading.