| Followers | 680 |
| Posts | 141246 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Saturday, April 27, 2019 12:11:59 AM
By: Carl Swenlin | April 26, 2019
IT Trend Model: BUY as of 2/19/2019
LT Trend Model: BUY as of 4/17/2019
USO Daily Chart: On Monday the Trump administration announced tighter sanctions against Iran, and crude oil gapped up about +2%. From there it consolidated a few days, then it crashed on Friday. Because of the lack of follow through after Monday's gap, I was not surprised to see the breakdown. My guess is that crude is not in as short supply as we are led to believe. The daily PMO has crossed down through its signal line from very overbought levels.
USO Weekly Chart: A rising wedge pattern implies that a pullback could be on the way, but the weekly PMO is rising and above the zero line. The 2018 high for USO represents about $76 for $WTIC.
Read Full Story »»»
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
