Crude oil decline is overextended
Watch for a countertrend swing
Crude oil fell, as ordered
The ETF dropped when it reached the right altitude
A warning to crude oil bulls
The last high was probably an overshoot
Crude oil ETF retrace may have begun
It should cut into the year-long advance
Crude Oil and ETF USO Update
I was working on the ETF that tracks crude oil, (USO), and have decided to promote what I had as an alternate count in crude to the primary, that there is one more high needed to complete a five wave sequence up from the low from last year.
United States Oil Fund (USO) 2017-07-04
Since I have started to think that the low in crude is in, I thought I would update the charts for likely the most popular ETF for crude, USO. The monthly chart has a fork placed in a similar way to...