Bquat
Well-known member
Haven't do a chart on oil for a month I guess. Here's the skinny. Looking at the top of the orange channel and the bottom of the white channel we must decide next week if this is a rising wedge or new more bullish channel. Also a thing to consider is the Jan peak line. This level takes pressure off lenders in the oil industry and also shows a slight profit margin.100 day may be turning up as well. USO: