aceofswords

USOIL Has Reached An Interesting Juncture.

FX:USOIL   Crude Oil (WTI)
688 2 10
USOIL             Has Reached An Interesting Juncture. Today isFOMCDay

Ordinarily I would have no problem going long on a chart that looks like this, but a) this is Oil             we're talking about b) FOMC can cuase all kinds of mayhem.... will update later / as things progress
jeey an eye on key ratio levels..Im seeing just a minor correction for now but take note of the lower timeframes to identify rising wedges (4HR). I've noticed on oil that it follows up with a massive drop.
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Agreed! I am still hammering the short idea after volatility.
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