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Saturday, January 04, 2020 10:02:36 AM
By: Carl Swenlin | January 3, 2020
* (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: BUY as of 12/16/2019
USO Daily Chart: An advance of nearly +3% today is not surprising in consideration of the news, notice that price closed well off the day's highs.
USO Weekly Chart: In spite of today's price jump, WTIC remains within the 42 to 76 trading range, which I expect to hold.
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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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