Sunday 22 December 2013

US Oil

A reminder to watch US Oil for near term direction.

Weekly chart showing 100USD with a blue line. This is an area that needs careful attention to see where the pro's will take it.


4hr chart.

Note to real sluggish price action and the last major push resulted in sellers coming into the market and the last buyers still unable to break the most recent high. The bulls have yet to show their interest in higher prices and the second last candle shows indecision.


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