tradearcher

$USOIL $USO $OIL Crude et al (D) Fade to be expected since run.

FX:USOIL   Crude Oil (WTI)
118 0 6
Receded back to (36,38) trading range after fading from SMA200 resistance above.

Good to see difference between SMA50 and SMA200 narrow some; bullish indication. Still has more fundamental work to accomplish.

Overall, still bearish . Potential targets near 36 and 34 (Red SMA50).

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