Oil Energy Thread (oih)

[madrose1]

Oil is in the seasonal doldrums right now, and after seeing nuclear tests & Opec threats it still fell back , so that would qualify for bearish trend still intact <g

always look for the first am pop into the OB zone for the short and everytime its fallen back , generally there's a little doubltop you can get short ...the OIH popped to $127 in the am , ended up under $123 following the POO move for move still.

* Usually almost everyday also , you can get a small long scalp at the 2:30 turn on short covering and today was no different , but there was only to 50c scalps to be had off $122.50 .
Very weak stuff...