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USOIL and XLE - another sector to watch

All in the video. We're at a precarious level in both OIl and XLE and I believe it may breakdown or be saved very soon. Keep in mind nothing is actionable yet. I will update this when I see evidence either bullish or bearish. Right now I lean bearish but I have not seen a breakdown just yet.

Good luck!
Catatan
OIl not coming down, over 74 and it starts looking like it's going to be saved again from these levels. cuplikan
Catatan
USOIL breakup! Looks like a long even if it comes down a little first. SHould not breach 70 again if this is correct.... cuplikan
Catatan
oil comind down to check the channel. risky to go long over the weekend but i'm going to keep a small long position on this. cuplikan
Catatan
USOIL looks like it may collapse under 70. Big windup, expect a big move. cuplikan
Catatan
hey saved oil again. 70 level is extremely important for bulls. cuplikan
the_sunship
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