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Saturday, January 13, 2018 10:15:43 AM
By: Carl Swenlin | January 12, 2018
IT Trend Model: BUY as of 9/6/2017
LT Trend Model: BUY as of 11/2/2017
Daily Chart: USO has made a decisive breakout through the top of the 2-year trading range at about 12.50. Since the breakout is "decisive" (3% or more), it is unlikely that USO will fall back into the range when the support is tested on a pullback.
Weekly Chart: Here we can see longer-term resistance at around 15.80 for USO, and around 78.00 for $WTIC. . .
* * *
http://stockcharts.com/articles/decisionpoint/2018/01/dp-weekly-wrap-zoom.html
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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!
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