Replies to post #3640 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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CRUDE OIL - DecisionPoint Weekly Wrap -- New Highs Climax
By Carl Swenlin | June 3, 2017

CRUDE OIL (USO)

IT Trend Model: NEUTRAL as of 3/8/2017

LT Trend Model: SELL as of 3/9/2017

This week USO continued the decline that started last week, and the daily PMO is close to crossing down through its signal line.



The USO weekly PMO has topped below its signal line again, a very negative configuration. At this point it seems likely that the long-term support at about 9.20 will be challenged.



http://stockcharts.com/articles/decisionpoint/2017/06/decisionpoint-weekly-wrap----participation-marginally-improved.html

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