USOIL Evaluation on potential up coming direction indicators
A few if and buts in here, however:
If we continue in a downward trend towards 31.4/31.45 region and then begin heading up again, Without breaking 32.0
Then if we continue with a positive trend between 7:00 and 7:30
We can expect the climb positive out of here.
If however it breaks the 31.4/31.45 region, or turns negative during the 7:00 to 7:30 window then we can expect a negative turn from this wedge.
If it falls into the 31.13-31.28 region we can also expect a downwards trend to follow.
If we continue in a downward trend towards 31.4/31.45 region and then begin heading up again, Without breaking 32.0
Then if we continue with a positive trend between 7:00 and 7:30
We can expect the climb positive out of here.
If however it breaks the 31.4/31.45 region, or turns negative during the 7:00 to 7:30 window then we can expect a negative turn from this wedge.
If it falls into the 31.13-31.28 region we can also expect a downwards trend to follow.