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Crude Oil (USO) - Weekly Wrap « » Daily-Weekly Charts
By: Carl Swenlin | October 25, 2019

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CRUDE OIL (USO)

IT Trend Model: SELL as of 10/2/2019

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

USO Daily Chart: The range between 10.50 and 12.60 has held for five months, in spite of some negative news, so let's anticipate continued activity within that range.



USO Weekly Chart: The weekly PMO is relatively flat and near the zero line. It also has a slight downward slant, so price may drift down to test support equivalent to WTIC 42.00.



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