USOIL update - short term bearish - 5/1/42015

Crude Oil (WTI)FXCM

Description

⋅ May 14, 2015 4:53 PM

Looks bearish to me on the daily chart, though still consolidating. Note weekly chart is still bullish so maybe "buy dips" on reversal on the daily chart makes sense. Hard to predict the pullback level (if any).

Crude Oil WTI

Comments

jangseohee

⋅ May 14, 2015 4:58 PM

breaking down from the triangle and immediate horizontal line,
i see it goin to 54

CosmicDust

⋅ May 14, 2015 5:03 PM

Nice work! Agree this analysis.