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Sunday, July 09, 2017 9:37:22 AM
By Carl Swenlin | July 8, 2017
CRUDE OIL (USO)
IT Trend Model: NEUTRAL as of 3/8/2017
LT Trend Model: SELL as of 3/9/2017
On the daily chart the declining tops lines are becoming more accelerated to the downside, and the PMO has topped.
The weekly PMO for USO is bearish, and the next prominent price support is around 7.50. Corresponding support for $WTIC is around 38.00. . .
http://stockcharts.com/articles/decisionpoint/2017/07/decisionpoint-weekly-wrap----still-topping.html
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