In my last post I suggested crude oil would likely be going higher. Instead it has gone sideways while the us dollar has been going up. One possibility is that it is forming a triangle consolidation prior to another jump up. This is supported by the positive reversal in the RSI. IFFFF correct the near term horizontal line should not be taken out. (55.69) . If this pans out and the upper dotted trend line is broken I will go long. We'll see.
3x ETF: UWTI
3x ETF: UWTI
