USOIL: TIGHT BULL CHANNEL. WHERE'S THE SELLING PRESSURE? ;)

May 11, 2016

50's seem acting as magnet to price.

Since the Feb low of 26.03 , we have recorded only 2 negative weeks. The first negative week was w/o delay countered in the week that followed.
The second negative week was last week. Additionally.......it had tails below =buyers around.


I'm thinking............^_^ Will history repeat itself?

May 12, 2016

Note

New Daily High
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May 12, 2016

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BUYING PRESSURE s3.amazonaws.com/tradingview/snapshots/x/XdUhkOlf.png

May 14, 2016

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Last week closed on its upper 50%. Some concern for the bears, I guess ;) s3.amazonaws.com/tradingview/snapshots/p/pubua2aU.png

May 16, 2016

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There's a magnet @ 50 s3.amazonaws.com/tradingview/snapshots/p/PhCJh4To.png

May 17, 2016

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Closes near high of day yesterday s3.amazonaws.com/tradingview/snapshots/x/XEEU7BNr.png

May 19, 2016

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Good context! Good Signal! But would this pass for a short.....?
I am short from 47.85 but nimble s3.amazonaws.com/tradingview/snapshots/i/i73QFohI.png

May 20, 2016

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3B Wedge https://TOPhttps://s3.amazonaws.com/tradingview/snapshots/r/RrQYOo5K.png

May 20, 2016

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May 26, 2016

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THE MAGNETISM OF 50 s3.amazonaws.com/tradingview/snapshots/d/dS8chszk.png

May 27, 2016

Note

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