goodguy
Long

My current long term view of crude oil.

FX:USOIL   Crude Oil (WTI)
All predictions are just guesses as you know. Frequently wrong I might add. But I personally like to anticipate but usually wait for a "sign" in price action to act. (ie candlestick pattern, trend line break , etc). We have a long term positive reversal in the RSI ( rsi to new low but not the price) combined with a shorter term rsi bullish divergence (price lower but not the rsi ) This combination often leads to a new high or a significant retraction. We'll see.
Have a great rest of the week.
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