oliverrathbun

US Oil - Shorter Term Buy - Again

Long
TVC:USOIL   CFDs on WTI Crude Oil
This is a follow-up to my previous post on Feb 9th.

There has been a consolidation...base building if you will, around the longer term median line.
I continue to believe there will be a substantial advance from this point to the opposing channel as charted.
A move through the local overhead resistance will likely garner significant buying.

Weekly chart in an area format:
Comment:
Heads Up...
Comment:
l would suggest either entering or adding longs here....
Comment:
Just before open... this is more like it...
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