Much Like Gold, Oil Charts are looking 50:50 technically, and the election has a lot to do with this.
If Oil Corrects upward, expect 47 top. There are plenty of bottoms on multiple scales saying a correction makes sense technically.
However, If it keeps dropping for political reasons or OPEC announcements, expect high 30's.
Regardless, Oil will be Bearish on...
Testing new bottoms with a temporary trend. As always, what for MACD crossovers or (insert your favorite moving average indicator) to crossover for an ideal entry.
Once again I'm new to this: I'd appreciate the feedback from more experienced traders.