I just saw a couple of requests for an update on crude oil. USO (crude ETN) is at the 70.50ish support while approaching oversold readings on the daily RSI, thereby offering an objective long entry here and/or down to the 69.50ish level (support on the 60-minute chart) with stops somewhat below that level, commensurate with one’s preferred price target(s).
USO daily March 6th
Likewise, /CL (crude futures) has fallen to the 65.50ish support on this 120-minute chart with divergence on the RSI (but not the PPO, which would be ideal).
CL 120m March 6th