PipFoundry
Long

Long oil into resistance

FX:USOIL   Crude Oil (WTI)
My premium indicators are available for monthly lease at http://www.tradingview.com/market/ah-pipfoundry/

Technical bias: Smart money appears to be accumulating a position under $52 and the reaction to the pullback confirms the order block is still in place. Long to current resistance at $55 where I expect further consolidation for a push into higher prints.

Fundamental bias: Inventory numbers are low and oil             demand is not expected to lower more than supply. Iranian talks, even if successful will only bring 200k to 1 million barrels a day to market by 2016 and will have little impact on actual supply.
Your premium indicators, looks not working.} and sl hited
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PipFoundry VICTORANDRESAMU
There is no holy grail in trading as no one can anticipate the decisions of central banking or prognosticate the future. The bullish divergence resulted in a bearish divergence and signal to close my long at $53.

-Good trading
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PipFoundry VICTORANDRESAMU
snapshot


As you can see my indicators show there were several intraday opportunities to close the position at a favorable price. Of special note are the pink overbought candles with bearish divergence. a strong signal to take profit and re-evaluate.
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