OIL: Now in case of OIL you can see a ascending channel breakout on up side but now questions is, Oil going to stay above that breakout level or not? Now CMF showing that a clear buy volume above that level and RSI also break 60 level after long time and along with if can put 200 EMA you can get another confirmation for clear buy for hold until 340 level come. Beginner can use this CMF/RSI/200EMA and Price and Volume combinations as system for trading and analysis, It can help you to understand more about demand and supply and use hourly chart for Entry and exit or use Fibo retracement level for entry or exit.