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Weekly Wrap CRUDE OIL (USO) »» Daily & Weekly Charts
By: Carl Swenlin | January 11, 2019

IT Trend Model: NEUTRAL as of 10/29/2018

LT Trend Model: SELL as of 11/23/2018

USO Daily Chart: Here we see a falling wedge that has resolved upward, as expected. Note the PMO positive divergence.



USO Weekly Chart: Positive. Crude ($WTIC) has found support at 40, and the weekly PMO is about to turn up.



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