Tuesday, July 12, 2011

USO Update

USO just scored a small victory

 On the daily chart, you can see USO crossed above resistance, which is obviously an important level as it has acted as either support or resistance 11 of the last 19 days.

This is what the 5 min 3C chart looks like, confirmation and also a leading positive position. The charts from 1-15 min all look strong like this.

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