August 4, 2011

Head and Shoulders of United States Oil

  • When i did this post i never believed this HNS would do this well for bears. And many readers said the same thing. And it ended up a perfect HNS pattern.
    • USO Daily chart is showing a head and shoulders pattern.
    • Knowing the reliability of Head and shoulders these day's one should be careful before shorting.
    • 34.75 - 35.15 are may give support. Price closing below this level will give good gains for bears.

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