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Saturday, December 26, 2020 8:48:46 AM
By: Erin Swenlin | December 25, 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 10/20/2020
LT Trend Model: SELL as of 2/3/2020
USO Daily Chart: The pullback in Oil continued today with another deep decline. The RSI is still positive, but the PMO has topped and could generate a crossover SELL signal rather quickly. However, I'm not that bearish on USO given that price is maintaining above the 20-EMA, just like it is on $WTIC.
Read Full Story »»»
DiscoverGold
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. Caveat emptor!
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