** Where is oil headed going forward **

Okay so we are all concerned where oil is going from here. In my opinion I believe the energy markets are giving us a signal the the indexes are going to go lower. We have a rising dollar that seems to be burning allot of people trying to short it, a oil market that was consolidating and now has broken downtrend I believe, and heavy channel resistance that we are battling right now. I have posted a chart below of the daily, weekly, and monthly chart of the $WTIC. I like to follow this rather than the USO. USO as a trade vehicle of course, but EOD oil contract price as a guage for direction. ENJOY AND COMEBACK AND CHECK US OUT HERE AT ASKCHRISHETRADES.BLOGSPOT.COM YOUR #1 SPOT FOR CHANNEL ANALYSIS!!!


$WTIC DAILY