I dont really like waiting for Heiki Ashi to confirm a trade setup so i believe this is a very dangerous territory for oil bulls and a reversal is about to happen. Better to keep trailing your stop losses because the monthly momentum is losing power...
looking for continuation in oil downtrend. strong buying in DWT past two weeks. Potential resistance in 33-34 area.
USOIL, looks to be starting final leg down. I can see a three drive to a bottom trade, with a low near $42. Enter short with DWT, DRIP or similar.
well just what im expecting.. lets see how it goes.
Looking for potential opportunity for USOIL. Completion of right shoulder may lead to ~52.30 before potentially rebounding.
Charting Usoil is very bearish right now. Trade at your own risk.