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Saturday, September 14, 2019 9:39:04 AM
By: Carl Swenlin | September 13, 2019
* (Click Read Full Story »»» at the bottom of the page for the charts to appear on the post)
CRUDE OIL (USO)
IT Trend Model: NEUTRAL as of 5/30/2019
LT Trend Model: SELL as of 6/4/2019
USO Daily Chart: We continue to see dramatic moves in each direction, but the range is pretty narrow.
USO Weekly Chart: Price is being squeezed into the apex of a triangle. The triangle will have to resolve soon because price will have nowhere to go but out of the triangle. No clues as to whether price will start moving up or down. It could continue sideways.
Read Full Story »»»
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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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