$USOIL $USO $OIL Crude et al (D) Fade to be expected since run.
Receded back to (36,38) trading range after fading from SMA200 resistance above.
Good to see difference between SMA50 and SMA200 narrow some; bullish indication. Still has more fundamental work to accomplish.
Overall, still bearish. Potential targets near 36 and 34 (Red SMA50).
Good to see difference between SMA50 and SMA200 narrow some; bullish indication. Still has more fundamental work to accomplish.
Overall, still bearish. Potential targets near 36 and 34 (Red SMA50).
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