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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Night Owl Open Forum

chessNwine Wed Apr 2, 2014 4:12am EST 1 Comment

night-owl

For you night owls out there, here is the daily chart of the crude oil ETF.

What say you about Tuesday’s weakness down from the channel highlighted below? Does it mean anything for the market/economy in a broad sense?

Crude looks to be a short here.

Speak your mind, night owls.

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USO

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One comment

  1. Paolo Sobretodo
    Paolo Sobretodo
    April 2, 2014 at 4:35 am

    No support @ 200SMA. Might find it @ 50 SMA

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