USOIL and XLE - another sector to watch

All in the video. We're at a precarious level in both OIl and XLE and I believe it may breakdown or be saved very soon. Keep in mind nothing is actionable yet. I will update this when I see evidence either bullish or bearish. Right now I lean bearish but I have not seen a breakdown just yet.

Good luck!

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OIl not coming down, over 74 and it starts looking like it's going to be saved again from these levels.

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USOIL breakup! Looks like a long even if it comes down a little first. SHould not breach 70 again if this is correct....

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oil comind down to check the channel. risky to go long over the weekend but i'm going to keep a small long position on this.

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USOIL looks like it may collapse under 70. Big windup, expect a big move.

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hey saved oil again. 70 level is extremely important for bulls.