Sunday, March 18, 2012

USO - 60 min view of USO Crude ETF, the correction ...


USO - 60 min view of USO Crude ETF, the correction has been overlappy and choppy, suggests an eventual upside break


$WTIC - crude daily, the pattern still continues to look bullish, it has consolidated over resistance and now the Ratio is turning up and MACD is above zero.


US Dollar is down 40 cents, so that will help



OIH - Oil Services - interesting pattern to watch, volume has been light

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