USO - Chart Link- on the weekend I said that
the crude oil bounced looked like it would be short lived and come
back down again, and that's what happened
USO - Chart Link-60 min, I know some were
looking for a W bottom yesterday but you can see my comments on the
60 min chart from the weekend as I would expecting it to ultimately
fail and come back down - this new low now at least has MACD
divergence potential, whereas last week's lows did not
I agree with some accumulation there but technically it
needed that flush down to setup a better bottom and divergence, and
that's what happened this morning
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USO Crude Oil follow up
Posted by matt on 20th of Nov 2018 at 10:18 am
USO - Chart Link- on the weekend I said that the crude oil bounced looked like it would be short lived and come back down again, and that's what happened
USO - Chart Link-60 min, I know some were looking for a W bottom yesterday but you can see my comments on the 60 min chart from the weekend as I would expecting it to ultimately fail and come back down - this new low now at least has MACD divergence potential, whereas last week's lows did not
i see your point but
Posted by RP on 20th of Nov 2018 at 10:45 am
i see your point but i think accumulation is taking place ..
I agree with some accumulation
Posted by matt on 20th of Nov 2018 at 10:56 am
I agree with some accumulation there but technically it needed that flush down to setup a better bottom and divergence, and that's what happened this morning