Oil RSI and Price healthy channel
Bulls should look to stay in their swing trade until we drop out of the green channel. Although we would expect consolidation soon, resistance is around $51.
Look to take half off if RSI or price breaks the current trendline (GREEN) and decide whether or not you want to let the other half ride.
Shorts should see entry points next week, but be cautious as a break of $52+ could mean the neckline break that bulls have been looking at for the last 6 months.
Look to the weekly / monthly chart to see an absolutely spectacular pattern being played out. Volatility expected soon, but the trend is your friend.
Look to take half off if RSI or price breaks the current trendline (GREEN) and decide whether or not you want to let the other half ride.
Shorts should see entry points next week, but be cautious as a break of $52+ could mean the neckline break that bulls have been looking at for the last 6 months.
Look to the weekly / monthly chart to see an absolutely spectacular pattern being played out. Volatility expected soon, but the trend is your friend.
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