Oil

Oil has made a surprise move to upside. I actually bought in this past week as I spotted something interesting technically, but didn't write about it in advance as a setup so didn't feel fair to include in the Portfolio tracking project.  

CL1 W
Jumped above both long term pivots. There have been 2 other false starts this year so who knows. But right now I'd say this is looking good. 

USO
Monthly chart RSI divergence and lower BB tag!

29 42 USO M.png

USO W
Above weekly 20MA for the first time in months. 50MA next up, and has flattened out which gives this more chance to clear. 

29 43 USO W.png

USO W
Low on YS1 which is where portfolio suggested buy for mean reversion, but could after first rally. Above 2HP, so this means some long term strength the first time since 4/10 which quickly failed. If higher then the YP will be critical. 

29 44 USO W.png

USO D
Plan to hold above the 2HP at 10.05.

29 45 USO D.png