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Wednesday, April 05, 2017 9:00:41 AM
By Erin Heim | April 4, 2017
CRUDE OIL (USO): As of 3/8/2017 United States Oil Fund (USO) is on an Intermediate-Term Trend Model Neutral signal. The Long-Term Trend Model, which informs our long-term outlook, is on a SELL signal as of 3/9/2017, so our long-term posture is bearish.
I don't see anything here that suggests price won't reach the $11 resistance line for USO.
Technical Analysis is a windsock, not a crystal ball.
Happy Charting!
- Erin
http://stockcharts.com/articles/decisionpoint/2017/04/dp-alert-new-buy-signal-for-sp-100---sp-600-ijr-new-ittm-neutral-signal.html
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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