Home > Boards > Commodities > Energy > Oil & Gas - Energy - Commodities - Resources

Weekly Wrap - Crude Oil (USO) »» Daily,

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DiscoverGold Member Profile
 
Followed By 139
Posts 52,877
Boards Moderated 33
Alias Born 03/10/04
160x600 placeholder
DiscoverGold   Sunday, 07/07/19 10:14:09 AM
Re: DiscoverGold post# 4269
Post # of 4410 
Weekly Wrap - Crude Oil (USO) »» Daily, Weekly Charts
By: Carl Swenlin | July 5, 2019

CRUDE OIL (USO)

IT Trend Model: NEUTRAL as of 5/30/2019

LT Trend Model: SELL as of 6/4/2019

USO Daily Chart: Strange looking chart with price bouncing around between the gaps. You'll notice that the island reversal cluster contains a double bottom, and price fulfilled the double bottom projection based upon last week's high.



USO Weekly Chart: The trading range on WTIC is 42 to 76, and I think that 42 is more likely than 76.



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
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist