chartwatchers
Long

OIL - "Big movements take time to develop" (Jesse Livermore)

FX:USOIL   Crude Oil (WTI)
404 1 17
Lot of traders got nervous last week Friday because oil             moved down from that important resistance zone at 34.78.
For me it's still trending up. We didn't break the trendline , 4hrs chart 10 & 20 EMA didn't cross over.

It's still a bottoming process to me. We will take out that 34.78 level soon and price wil move fast to 40.
We just have to sit in the position , and let the bears do the "shopping" by closing their shorts.
Because OIL             is shorted to death.
good catch
i will wait for close above 35
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