Archive | PhilSmith

Daily Oil Analysis January 29 2010

Near-term (daily chart). The market is oversold so some support on Thursday. The RSI is just below oversold and the Slow Stochastic is also crossing below the oversold line. Good combination and some support for the price action because of it. Nice intermediate downtrend line forming which I’ll draw on tomorrow. This MACD is still […] [...more]

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