May 12, 2013

United States Oil Weekend update

  • USO Weekly Daily charts at crucial resistance levels 34.47 - 34.86. Only a convincing close above these levels could give a bigger up move in USO.
  • Last chart shows price getting support at 50 Day SMA. Weakness in daily time frame only if price starts to close below 50 Day SMA(33.23).

1 comment:

  1. Dear San can u please take a look at nify from 2009.
    It looks cup and handle pattern. Can u please advice.