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WEEKLY Crude Chart

WEEKLY Crude Chart

Crude Oil WTI NYMEX:CLX2015

WEEKLY VIEW of Crude. We have been hearing a lot of predictions about crude and we have even stated that we like the upside...but if you take a close look at the weekly chart it illustrates how crude tested each side of it's range and then closed in the middle for 5 straight weeks. Lots of indecision. The weekly pattern screams more upside but the indecision of the last 5 weeks suggests it's a coin flip. We will wait for the pattern to resolve itself and then trade in that direction.