Oil chart. Conventional considerations (notes on chart)

Oil chart. Conventional indicator considerations (notes on chart). $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT 729 PM Dec 10, 2017

- Stoch RSI on Daily has curled up.

- SQZMOM is flattening and trending down.

- MACD is trending down.

- Upper trendline resistance is above price - briefly in recent trade breached but has since been rejected.

The battle continues, but watching the trendlines for trading range seems to be a valid consideration for any trades entered long or short daytrading or swingtrading.