May 6, 2011

USO Chart analysis

  • USO has broken its 50 day moving average and closed near day's low.
  • Momentum may take price close to its 200 day moving average near 37 levels.
  • Weekly chart shows trend line support between 35 - 36 level.
  • Week chart shows USO in a broad trading range from 22 - 45 level with 32 as the important support resistance level.
  • SLV ANALYSIS AFTER CLOSING BELL

No comments:

Post a Comment