Tuesday, July 28, 2015

USO/Oil quick Update

The USO charts are putting some pretty solid 3C positive divergences here and as I'm going through Futures, just as yesterday there are a number of solid positive divergences in Brent Crude's charts as well.

This doesn't look like a wide enough base for a true upside trend reversal, but it may be the first rally/bounce in forming a larger "W" type base area.

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