| Followers | 680 |
| Posts | 141110 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Saturday, July 13, 2019 10:10:52 AM
By: Carl Swenlin | July 12, 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: This week price broke above a declining tops line drawn from the April top, and it also closed the May down gap. This positive action implies that USO will be moving still higher. Note that the 20EMA is about to cross up through the 50EMA, which will generate an IT Trend Model BUY signal.
USO Weekly Chart: Crude (WTIC) in midway a trading range of 42 to 76, and USO maintains a similar range. I continue to believe that price will not escape that range any time soon.
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
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
