Replies to post #4365 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[DiscoverGold]

Crude Oil (USO) - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | September 13, 2019

* (Click Read Full Story »»» at the bottom of the page for the charts to appear on the post)

CRUDE OIL (USO)

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

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

USO Daily Chart: We continue to see dramatic moves in each direction, but the range is pretty narrow.



USO Weekly Chart: Price is being squeezed into the apex of a triangle. The triangle will have to resolve soon because price will have nowhere to go but out of the triangle. No clues as to whether price will start moving up or down. It could continue sideways.



Read Full Story »»»

• DiscoverGold

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