FX:USOIL   Crude Oil (WTI)
35 0 2
Just some thoughts.
Daily showing a potential bullish move up. Weekly still showing bearish momentum so any position should be treated with caution.
We could see a short term bullish move followed by a retracement. It would be interesting to see if price action will trade within a defined channel; (50.18 - 53.86).
At first I thought OIL             was about to make a big reversal until I spent a bit more time....It's also sitting jsut above a key ratio level so any dropped below current support could quickly take OIL             down to low 40's.

What does everyone else think? I'm in neutral right now.
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