Oil chart. Conventional indicator considerations (notes on chart

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Oil chart. Conventional indicator considerations (notes on chart). USOIL WTI $CL_F #OOTT #OIL USO $UWT DDWT 608 PM Dec 17, 2017

- MACD continues trend down

- Stochastic RSI has turned back up

- Trendline resistance nearby above

- SQZMOM has turned slightly red

Summary: The EPIC trendline resistance battle continues for the price of crude. Caution in upper regions. Watch the MACD on daily IMO and for more short term direction the stoch RSI and trendlines.

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