Here's a look a various crude charts. Starting with the 60-minute chart of USO (crude ETP), USO failed to follow-thru on last week's falling wedge breakout but the bullish case has not been eliminated just yet. We still have what appears to be a possible selling climax, evidenced by the recent surge in volume over the last couple of weeks in addition to positive divergences in place on the USO 60-minute chart.
Crude Oil Update: USO DWTI UWTI CL
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