Replies to post #3675 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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Crude Oil (USO) Weekly Wrap: Daily & Weekly Charts
By: Carl Swenlin | January 12, 2018

IT Trend Model: BUY as of 9/6/2017

LT Trend Model: BUY as of 11/2/2017

Daily Chart: USO has made a decisive breakout through the top of the 2-year trading range at about 12.50. Since the breakout is "decisive" (3% or more), it is unlikely that USO will fall back into the range when the support is tested on a pullback.



Weekly Chart: Here we can see longer-term resistance at around 15.80 for USO, and around 78.00 for $WTIC. . .



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http://stockcharts.com/articles/decisionpoint/2018/01/dp-weekly-wrap-zoom.html

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