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Crude Oil (USO) - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | January 3, 2020

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CRUDE OIL (USO)
IT Trend Model: BUY as of 11/6/2019

LT Trend Model: BUY as of 12/16/2019

USO Daily Chart: An advance of nearly +3% today is not surprising in consideration of the news, notice that price closed well off the day's highs.



USO Weekly Chart: In spite of today's price jump, WTIC remains within the 42 to 76 trading range, which I expect to hold.



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