WTI Crude Oil/U.S.D 4th time price retreats from Nov 2015 @50.50
Updated
WTI Crude Oil/U.S. Dollar climbs to Nov 2015 resistance level @50.50 on July 31, 2017 only to find itself met with killer bears fresh from hibernation. The Nov 2016 low @ 42.23 has held as support for nearly a year as price looks to return. Bulls will contend for position strongly @ the 48.28 range, and again at the 45.57 range if approached. Trade well good people. CryptoSeraph
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USOIL continues sideways intra-day as price pullbacks but does not break previous day high @ 50.23 range. Bulls have limited steam.Trade active
Daily MACD continues to show Bullish stochastic sentiment, while the Weekly and Monthly charts show Bearish MACD sentiment. Market sideways possibly until market open Thursday July 3, 2017.Trade active
After a week of back and forth battle for dominance, the Bears maintain advantage as price fails to reach any previous week highs.
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