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Saturday, April 06, 2019 8:43:31 AM
By: Carl Swenlin | April 5, 2019
IT Trend Model: BUY as of 2/19/2019
LT Trend Model: SELL as of 11/23/2018
USO Daily Chart: A very loose rising wedge has resolved to the upside, and a continued rally seems likely.
USO Weekly Chart: The bearish rising wedge formation resolved in a bullish direction this week. My assumption is that the 2018 top will be challenged in the coming months.
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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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