Oil up or down?

FX:USOIL   Crude Oil (WTI)
73 0 3
7 months ago
Seems there is no more space for oil             to stay undecisive. Today or latest monday it will break up or down. from the current form. If it breaks down 41,80-42,00 is the first serios resistance. If it breaks up it could test new hights.

From fundamental issues we are close to August - ussually bad month for oil             price. and it would be normal to go down.

If it goes under 42.50 I will buy oil             and oil             stocks . If it goes up I will not buy/sell it as I beleive the summer bottom will be lower than 44.50.
7 months ago
Comment: No decision yet. To me major parameters show that break will be downwards, RSI trend, possible H&S, volums. Still wedge break upwards possible
7 months ago
7 months ago
Trade active: Yesterday I took small long position USO 10.69. I will put tight SL before report today.
7 months ago
Comment: I beleive today after report USOIL will make decision and break either up or down from triangel. There is anyhow no space any more to stay in it :-)
7 months ago
Trade closed: target reached:

break out up, I don't trust it. Sold USO.
7 months ago
Comment: Do we have new triangle channel forming?

Recently the oil likes triangles.

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