OIL is rising into the large trading area, compared with USO ETF

12 בספט׳ 2018

#OIL is rising into the large trading area. Nothing to do here. Just let it go. This chart is compared with #USO Oil and Gas ETF. They always move in the same way. But in the last weeks, we can see a discrepancy in the percentages. The demand increased during the last fall. Then, it marked a new Accumulation Point. Now you see a rally that started with a large spread. This would be a suggestion that the price could mark a transitional place relatively soon.