AMEX:USO   UNITED STATES OIL FUND
19 0 0
Long USO , however price is nearing resistance in a potential complex corrective rally off the January lows. A new high in price on divergent technicals could initiate a pull-back. The nature of this supposed pull-back will offer clues as to whether the low is in, or if on final decline lies ahead. Decline - should it develop - could extend below 7.00.

Given the February low was seen on a clear 3 waves down (labeled (x) here) I'm not confident in longer-term bullish prospects considering the Elliott Wave . Only a solid 5-up, 3-down holding support, and taking out the top of that initial 5-up would increase probabilities substantially in favor of a meaningful low last month.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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