![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivEeltLv4jQXA_LW3eoOGxbbNiUQSm1MKgP-3Dd4_blJm2FozFqnsnxT5VxOoHQwF3QPnT8EnAbzqz8E1sCoO44zFlu5Dn5Sa88oG9CB2P4EQthSru2iD5aKiwLkZpD96uj-3LjnHQRHs/s400/Chart+of+USO3.gif)
First, let's start with a general "you are here" observation. Since the end of last summer, prices have been moving between ~34 and 41. In essence, prices are moving more sideways than up and/or down.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUPr9WY4RlIy3sYLKt4fdWkrrnuTiLdrEXf3m-EfVRwdKwRCbNmTOrLX5cffKVP2iApvlPEkwn8GJtXRdwnhfIz7BaCEDSqg-WSvBUa8nsyijw9noUo6SHp0OHPYrhMRzN8ptYrBRhxXo/s400/Chart+of+USO1.gif)
Here's a closer look at the last 6 months. The main point is prices are moving between two points.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRf47UbMu88lss7FrXDWwfWzi0uZwqh2nHAZk5AieuqIrhNydFTiczCFzcs0jchKssGTzWWwwxrUr_7tMSygYTcuVUojtWnrTKbeNfnhKFTmrCQBml8PTz6biQQIKpdt2ZX_1OuThCpAU/s400/Chart+of+USO2.gif)
Note the similarities and the differences between points A and B. First, note the nearly mirror image of the EMAs. However, with point B prices are moving more to the right/sideways than up.