DanjaZown
Short

Oil looking like a pullback

AMEX:USO   UNITED STATES OIL FUND LP
Certainly with the fall two days ago a bounce could be expected but now a declining wedge appears to be forming. I have had to extrapolate the lower resistance but that's essentially what it will probably look like.

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Sorry, 19.89
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I've also just noticed some strong resistance from previous tops converging at about 19.50.
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Be careful, the 26.50 is a little abritrary. But if its making a descending wedge, it would look something like that. I should have done a fibonacci study, but so far so good.
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I was on it, Looking for 26.50. Thank you.
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