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Friday, December 27, 2019 7:09:48 PM
By: Carl Swenlin | December 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 11/6/2019
LT Trend Model: SELL as of 6/4/2019
USO Daily Chart: It looks as if the rally from the October low is still viable.
USO Weekly Chart: The narrow trading range prevails for the time being.
USO Monthly Chart: Price is in a basing pattern between 7.50 and 16.00 that could last for years.
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