USO has an interesting confluence of targets between 3.08 and 1.93.
There is also a potential positive divergence on the MACD on the daily chart.
USO Daily Chart (Close as of 4-20-20):
USO Daily Chart (at the open 4-21-20):
SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on April 21, 2020
USO has an interesting confluence of targets between 3.08 and 1.93.
There is also a potential positive divergence on the MACD on the daily chart.
USO Daily Chart (Close as of 4-20-20):
USO Daily Chart (at the open 4-21-20):
Posted in USO | Tagged: Elliott Wave Technical Analysis, USO Technical Analysis | Comments Off on April 21st, 2020: USO (US Oil Fund) Daily Chart
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