jakeshake
Short

USOIL on the 4h "A crude analysis"

FX:USOIL   Crude Oil (WTI)
Recent waves show us Oil             will likely follow it's direction for 48 hours. With the last heavy bear candle on the 4h I feel as though Oil             will likely clear 59 by this evening and settle in the low 58's. A clean break below 58 and I will readjust stops to break-even and watch 57.

Head and shoulders forming. Expecting right shoulder to take us into 57 and below. FA regarding current supply is not helping build price.
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