USOIL 7 Day Outlook
EIA report time people, 10:30am today, probably gonna see some big moves. investing.com/economic-calendar/eia-crude-oil-inventories-75
On the daily:
Snap Indicator - Short term bearish trend confirmed, long term still bullish
RSI - In bullish trending territory, neither overbought or oversold
ADX DI+/- - Suggests start of trend, still bullish here
Trendlines - CL failed at resistance in the long term bullish channel. Some consolidation or downside action is likely before reversing.
On the daily:
Snap Indicator - Short term bearish trend confirmed, long term still bullish
RSI - In bullish trending territory, neither overbought or oversold
ADX DI+/- - Suggests start of trend, still bullish here
Trendlines - CL failed at resistance in the long term bullish channel. Some consolidation or downside action is likely before reversing.
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