Monday, 21 December 2009

USO @ $36.50



5% bounce happened last week from $35.22 Monday 14th December to $37.26 on Friday 18th December. Trend is still down. A close above 20ema is required to change trend.  Recent High $41.92 was 44 days ago. Next date of interest is tomorrow (45 days), Thursday 14th Jan (60 days) and Friday 25th Feb 2010 (90 days)



USO
SELL $37 STOP $37.50 Target $34 
BUY $34 STOP $33.50 Target $37 

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