Light Crude Oil: The Lady Or The Tiger? Bullish Or Bearish? LIGHT CRUDE OIL FUTURES NYMEX:CL1! 649bruno MaryJane posed an interesting question. Is this a bearish wedge? Is is bullish or bearish? Is it the "Lady or the Tiger?" As I view the chart the indicators are 50-50. You can make a case for the bull side. You can make a case for the bear side. My opinion is..... 1. The RSI/ Stochastic is over-bought; 2. The CHOP reading (under chart) is in the shaded area, indicating no trend at the moment; 3. MACD (middle top) is working its way to over-bought; but the tie-breaker is... 4. The last Fractal was a sell on September 6th at 8 PM CDT at 43.84. Would I take a position now? No. I would wait for the failure in the bearish wedge at (or below) 45.64. Good luck to you. Don.