OIL
USOil is still within Bearish channel. It may or may not hit the upper TL. I expect some correction before springing up to challenge the TL. A break above 52 will turn price bullish. As long as price is below 52, I will remain short. I will be trading off of the daily chart this time.
NB: I trade different time frames depending on the analysis. It could be intraday 1hr, intraweek 4hrs or intramonth daily or intraquarter Weekly.
Yes! I coined some of the words. But you know what I mean--that's what matters most.
NB: I trade different time frames depending on the analysis. It could be intraday 1hr, intraweek 4hrs or intramonth daily or intraquarter Weekly.
Yes! I coined some of the words. But you know what I mean--that's what matters most.
Note
Captured oil short from 47.20. Closed at 45.50. Overall, it moved as analyzedNote
Lower High on daily. Lower Low on daily. Still looking down. I will trade daily chart on this one.
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