The USO chart using week long bars
The same chart using a year time frame.
The six month chart using daily bars.
Thursday, March 4, 2010
Thursday Oil Market Round-Up
There is a central point to all three of the following charts: oil is clearly in a price range and has been there for about four months. From the trading side, we need to see a strong move either above ~42 or below ~35.
The USO chart using week long bars
The same chart using a year time frame.
The six month chart using daily bars.
The USO chart using week long bars
The same chart using a year time frame.
The six month chart using daily bars.
