weekend charting part 1, page-55

Hi doudou

I've never charted oil before. I should. This is the may contract.
Couldn't find the spot rate, for longer data.

The overall daily shows the drop from the high. Long term bear trending.

Price has rallied to the cloud and ranged to create a safe exit.



Same chart in close shows getting ready for a breakout.
Circle is brown is clear and needs to rally.
Short term this is ready to rally.