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Weekly Wrap Crude Oil (USO) »» Daily & Weekly Charts
By: Carl Swenlin | June 14, 2019

IT Trend Model: NEUTRAL as of 5/30/2019

LT Trend Model: SELL as of 6/4/2019

USO Daily Chart: On Thursday price jumped to fill the prior day's up gap, but oil seemed little affected by the events in the Strait of Hormuz.



USO Weekly Chart: My guess is that WTIC will test the support at about 42.



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