AMEX:USO   UNITED STATES OIL FUND
43 0 0
USO bounced right to the .382 retrace of minute waves ii-iii at 10.80...to the penny. The (presumed) expanded complex w-x-y             structure made this a difficult region to trade. Confirmation of new lows will come on break down of the support region indicated on the chart.
Over 10.80, oil             could form an impulse off the low. As no market is linear, I don't expect a rally over 16.20 immediately. But should an impulsive rally form, with retraces holding support along the way, then I'd start looking long with better confirmation of a significant bottom over 16.20.
1hr and 15m charts to follow.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out