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DiscoverGold   Saturday, 10/19/19 10:29:43 AM
Re: DiscoverGold post# 4395
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Crude Oil (USO) - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | October 18, 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: SELL as of 10/2/2019

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

USO Daily Chart: USO has been maintaining a trading range between 10.50 and 12.65 since June, which is in the middle of the wider range market by the December 2018 low and the April high. My feeling is that price will eventually be testing the low end of the ranges as it drifts lower.



USO Weekly Chart: Presently, price seems pretty well balanced, but, again, I suspect it will drift lower.



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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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