Member @getitriight in the trading room mentioned being short crude oil via DWTI and inquired about some pullback targets, which are on the 60-minute chart below. Both longer-term & intermediate-term, USO (crude oil etf) still looks bullish. However, the 60-minute charts indicate that more downside is likely in the near-term (coming days) before a resumption of the uptrend. On the intermediate-term time frame, A multi-week/month sideways consolidation range is also very much a possibility at this time.
USO Crude Oil ETF Pullback Targets & Outlook
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