moorekapital

USOIL: TIGHT BULL CHANNEL. WHERE'S THE SELLING PRESSURE? ;)

FX:USOIL   Crude Oil (WTI)
384 0 13
50's seem acting as magnet to price.

Since the Feb low of 26.03 , we have recorded only 2 negative weeks. The first negative week was w/o delay countered in the week that followed.
The second negative week was last week. Additionally.......it had tails below =buyers around.


I'm thinking............^_^ Will history repeat itself?

Comment: New Daily High
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Comment: BUYING PRESSURE
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Comment: Last week closed on its upper 50%. Some concern for the bears, I guess ;)
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Comment: There's a magnet @ 50
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Comment: Closes near high of day yesterday
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Comment: Good context! Good Signal! But would this pass for a short.....?
I am short from 47.85 but nimble
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Comment: 3B @WEDGE /tradingview/snapshots/r/RrQYOo5K.png#
Comment:
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Comment: THE MAGNETISM OF 50
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Comment:
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