USO Breakout Rejected at Resistance Trend Line- Indicators Bleak

2017년 1월 4일

Price briefly pierced resistance, although, this was promptly rejected during the US regular session hours. Concerning indicators, the RSI uptrend appears to be broken to the downside- same with the ROC uptrend. Concurrently, the MACD just turned negative. My short-term price targets are $10.90 and then $10.50.

2017년 1월 4일

노트

The price has fought back more than I thought it would.. I think a retest of resistance is now in store.