I get massive weekly volume rejection candles on the increasing...

  1. 5,416 Posts.
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    I get massive weekly volume rejection candles on the increasing SP. Why no volume through the rest of the chart?
    Only support is the middle of the big green at 4.5c.
    The daily chart looks a little better with your consolidation, but 5.1c looks likely as an easy retest. Hopefully should hold if the news equates to $ in the bank. Not sure it really does just yet.

    oil weekly.JPG
    Last edited by unawares: 29/01/15
 
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