USOIL and XLE - some ideas on the Short and Long term
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All in the video, one more down for USOIL looks correct and then a rally up to test 18ma on week/monthly charts. Long term is fuzzy, but 70 is a level bulls want to hold for sure into next year. Good luck!
Nota
looks like a sell has started. Nota
XLE approaching the neckline and the daily BB, should find support but if not, the neckline will become resistance Nota
Oil is close to 72 support, time to be cautiousNota
I believe one more low on oil and then rally up Nota
target area reached on oil, could go lower, but I'm not pressing it. Nota
OIl looks finished, steep bull divergence on 2 hr chart. Nota
OIL, bounce from support level - possible Cup and handle formation targeting 80 level Nota
nope, at least one more down, probably under 70. xle target of 82 still valid Nota
weekly 18ma reached on XLE, out of shorts - we'll see how it goes next week 
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