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	Comments on: USO DWTI Trade Setup &#038; Entry	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: snp		</title>
		<link>https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2144</link>

		<dc:creator><![CDATA[snp]]></dc:creator>
		<pubDate>Mon, 25 Jul 2016 02:40:36 +0000</pubDate>
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					<description><![CDATA[appreciate the astute technical reasons.  good points.]]></description>
			<content:encoded><![CDATA[<p>appreciate the astute technical reasons.  good points.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2142</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 25 Jul 2016 01:38:38 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2131&quot;&gt;snp&lt;/a&gt;.

snp- While certainly a possibility, I don&#039;t think crude ($WTIC) will revisit the $25ish lows largely because the extremely clear &amp; powerful divergences that were in place on the weekly time frame at the lows. Another thing to watch for right now is the fact that the 50 level on the RSI often acts as support on the initial test from above following an cross back above after an oversold (30ish) reading (more so another reason for the current bounce long but also while I&#039;m open to the possibility that it could morph into a much longer swing or even trend trade).

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/a47dc373-067c-463a-8b6d-ecb7ed83020a/$WTIC%20weekly%20July%2022nd%20close.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/a47dc373-067c-463a-8b6d-ecb7ed83020a/$WTIC%20weekly%20July%2022nd%20close.png&quot; width=&quot;850&quot; height=&quot;636&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2131">snp</a>.</p>
<p>snp- While certainly a possibility, I don&#8217;t think crude ($WTIC) will revisit the $25ish lows largely because the extremely clear &#038; powerful divergences that were in place on the weekly time frame at the lows. Another thing to watch for right now is the fact that the 50 level on the RSI often acts as support on the initial test from above following an cross back above after an oversold (30ish) reading (more so another reason for the current bounce long but also while I&#8217;m open to the possibility that it could morph into a much longer swing or even trend trade).</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/a47dc373-067c-463a-8b6d-ecb7ed83020a/$WTIC%20weekly%20July%2022nd%20close.png" rel="nofollow"><img class="embeddedObject" src="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/a47dc373-067c-463a-8b6d-ecb7ed83020a/$WTIC%20weekly%20July%2022nd%20close.png" width="850" height="636" border="0" /></a></p>
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		<title>
		By: snp		</title>
		<link>https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2131</link>

		<dc:creator><![CDATA[snp]]></dc:creator>
		<pubDate>Fri, 22 Jul 2016 17:28:57 +0000</pubDate>
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					<description><![CDATA[do you see any technical reason crude cannot double bottom to uso 7.67?  it seems to me that such a dramatic decline as we have seen over the last 8 years would logically only end in a double bottom to break the cycle of lower highs.]]></description>
			<content:encoded><![CDATA[<p>do you see any technical reason crude cannot double bottom to uso 7.67?  it seems to me that such a dramatic decline as we have seen over the last 8 years would logically only end in a double bottom to break the cycle of lower highs.</p>
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		<title>
		By: jacant		</title>
		<link>https://rightsideofthechart.com/uso-dwti-trade-setup-entry/#comment-2130</link>

		<dc:creator><![CDATA[jacant]]></dc:creator>
		<pubDate>Fri, 22 Jul 2016 16:12:19 +0000</pubDate>
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					<description><![CDATA[THX for update, notice that this am!]]></description>
			<content:encoded><![CDATA[<p>THX for update, notice that this am!</p>
]]></content:encoded>
		
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