goodguy
Long

Follow up on oil

FX:USOIL   CFDs on Crude Oil (WTI)
348 12 10
Weekly Log. Follow up from post 18 days ago. Breaking out on good volume this week. May make it to the resistance area before correction. Enjoy your weekend.
keep posting, i like your easy to read chart
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goodguy jangseohee
Will do. check out: http://blog.kimblechartingsolutions.com/2016/04/crude-oil-hits-two-25-year-support-lines-and-is-breaking-out/

One post discusses the dollar. The other oil and its momentum.
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goodguy goodguy
Looking at the intraday I could go either way, ie retraction now or later. (that way I'm sure to be correct)
+1 Reply
goodguy goodguy
omidmoradi posted a supporting chart to further gains 3 days ago:

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goodguy jangseohee
Very interesting. Thanks.
+1 Reply

it worth me going short, with SL
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goodguy jangseohee
I am thinking it likely it forming a small (next day or two) consolidation (trianlge?) before one last move up. good luck.
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goodguy goodguy
also notice that the US dollar dropping today should move oil (priced in usd) up or stabilize unless very bearish news.
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if next 4hour candle ends as the previous candle, then we got a tweezer top ^_^
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