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

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

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DiscoverGold Member Profile
 
Followed By 141
Posts 53,474
Boards Moderated 37
Alias Born 03/10/04
160x600 placeholder
DiscoverGold   Saturday, 09/21/19 09:16:12 AM
Re: DiscoverGold post# 4373
Post # of 4440 
Crude Oil (USO) - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | September 20, 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: BUY as of 9/16/2019

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

USO Daily Chart: The Iran drone attack on Saudi oil fields on Saturday, caused USO to rally +15% on Monday, but by Wednesday it was back down in the range defined by the July top. Before this happened, I was thinking that USO would drift to the bottom of the range, but now it might drift somewhat higher.



USO Weekly Chart: The triangle patterns we have been watching have resolved upward, but I don't think this is a precursor a major rally. I'm seeing resistance for WTIC at about 65.



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