Oil Short term correction?....we shall see

May 25, 2018

Looking at it from a technical analysis, if the price of Oil makes that "double dip" (W) with the RSI or MACD having a higher low on the second dip, we may be looking at the price of oil potentially breaking out of this uptrend channel and creating higher highs. Ofcourse, the fundementals of an increase in US production and from OPEC may drive prices below the uptrend channel for lower lows.

Jun 1, 2018

Note

Setting my buy in at 64....If the OPEC meeting on June 22 goes sour expect price to drop to $59 range.