Replies to post #4198 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[DiscoverGold]

Weekly Wrap Crude Oil (USO) »» Daily & Weekly Charts
By: Carl Swenlin | April 12, 2019

IT Trend Model: BUY as of 2/19/2019

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

USO Daily Chart: On Monday USO continued last week's breakout, then it entered a holding pattern the rest of the week. The daily PMO is at the top of a long-term range and is very overbought.



USO Weekly Chart: I still think that last year's high of 76 will be the upside limit of the current rally.



Read Full Story »»»

• DiscoverGold

Click on "In reply to", for Authors past commentaries