1008 USOIL pls do not forget this channel
There is a channel for USOIL to follow.
USOIL has a sharp down this week becoz of Canada and Saudi issues.
That pulled it down to the bottom support line and currently price probably stop dropping. The RSI DIV is telling us part of that.
Those big swings are how price use to rise .
We would love to see the purple trendline to b broken later so oil can back up to 72 or make a new high 78.
Less is more!
USOIL has a sharp down this week becoz of Canada and Saudi issues.
That pulled it down to the bottom support line and currently price probably stop dropping. The RSI DIV is telling us part of that.
Those big swings are how price use to rise .
We would love to see the purple trendline to b broken later so oil can back up to 72 or make a new high 78.
Less is more!
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If price can make it through to 67.8 , will drop from D to E.