d.jay.h

USO Fibonacci Levels Support & Resistance

AMEX:USO   UNITED STATES OIL FUND
WTI Crude, and USO by extension, continue to hit and bounce and break through three key sets of Fibonacci projections/extensions. Overall sentiment is bearish . I Included the Fisher Transform, Vortex Indicator, and the Ultimate Oscillator as other relevant predictors of price action. I believe WTI and Brent are headed much lower, even to a 'one-day-only' $15 print in WTI.
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