1) 2016-10-05 3M barrel drop in reserves
2) Nigeria, Libya not yet producing
3) OPEC has signalled deal for cut production in November
4) Strong price
5) 4hr MACD shows low volume high price, probably tending to a correction then back up
6) sRSI is over-subsribed but if price remains strong then movement is up
7) Resistance at 49.9, 50.5, 59.9, 51.6, 54
to short, if price drops and MACD moves negative trend and sRSI drops below red bar
2) Nigeria, Libya not yet producing
3) OPEC has signalled deal for cut production in November
4) Strong price
5) 4hr MACD shows low volume high price, probably tending to a correction then back up
6) sRSI is over-subsribed but if price remains strong then movement is up
7) Resistance at 49.9, 50.5, 59.9, 51.6, 54
to short, if price drops and MACD moves negative trend and sRSI drops below red bar
