USO, United States Oil Fund Hourly Chart Update.

This is just a follow up on prior post regarding oil. In technical terms, the strong down trend of USO is now at HALT/STOP. NO REVERSAL but just a HALT/STOP. Expectation now is to see potential short term flat (TR) price action behaviour at worst or bullish move which may last around  10 days. On the daily chart ,not shown, there is a BULLISH PIVOT off the weekly support. All this started with one hourly bullish bar as it was highlighted on the prior post (highlighted with Yellow highlighter here). One should read the prior post B4 this one.

Chart is courtesy of StockCharts.com

usohourly28062017

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