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Re: DiscoverGold post# 4382

Saturday, 09/28/2019 9:59:35 AM

Saturday, September 28, 2019 9:59:35 AM

Post# of 10586
Crude Oil (USO) - Weekly Wrap »» Daily-Weekly-Monthly Charts
By: Carl Swenlin | September 27, 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: Price is in the middle of the trading range and the daily PMO has topped. I would expect a decline to the bottom of the range (10.50).



USO Weekly Chart: USO and WTIC are back inside the triangle formations, which are about to become irrelevant when price moves sideways through the apex.



USO Monthly Chart: I think it will take unexpected bad news to get price above the basing range it has maintained for four years.



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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