nick.holland78

USO - 15 min

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AMEX:USO   United States Oil Fund
1
USO paused inside resistance yesterday (white box), but has gapped down this morning. Micro Resistance moved down to 10.14/.26. Larger degree support still in place as noted by the "Support" box down to ~9.71. This, like all markets, is not linear. Wouldn't be surprised by a few bounces along the way. As long as resistance hold above - which I'll keep moving down - then I'm expecting new lows.
Note also signature embedded stochastic RSI.

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