Update: Week In Review/Forecast | #USOil #USO #Oil #Brent

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United States Oil Fund (AMEX:USO)

AMEX:USO United States Oil Fund

Friends,

USOil has behaved closed to our original forecast, remaining close to the price level of our original predictive analysis without much adverse excursion. And yet, the bearish market reversal confirmation signal has rung clearer and louder, so targets will remain as bearish as they ever were at the onset of the chart inception.

OVERALL:
No change in directional bias: Bearish; Targets are intact and much in force. See our original chart:
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Update: Arctic Cold Favoring Bears? | #USOil #WTIC #Brent #Oil

Just remember:

"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient"
- Warren Buffett

Cheers,

David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting

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