littleriver
Long

OIL INDEX REVERSAL

INDEX:XOI   Oil Index
50 2 1
Looking at this oil index             chart, a very nice unconfirmed IHS             is visible. Within this IHS             is a confirmed double bottom . The green line is the target of this double bottom . After retracing following confirming the double bottom , price appears to be headed to the center median line of the pitchfork next, near the 1400             mark.
snapshot


Sell signal here after consolidation of %R and confirming IHS . A retracement is likely in my view,
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littleriver littleriver
After failing to set new highs price now appears to be fading. Looking for price to retrace near 0.618 fib level.
snapshot
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