Tag Archive for: USO

At Chartfreak, we were anticipating that a higher low in Oil would prove to be an exceptional buying opportunity after  the recent summer sell off.  Cycle timing was telling us that it was 'time' for a low to develop, so we began monitoring the charts using technical analysis and cycle timing.  Did you buy that dip at the right time? Let me show you what we were watching using actual charts from our August reports.  You can ask yourself, if I was a chartfreak member, would this may have helped me with my investing in this sector?

WTIC AUG 3 - Anticipating the coming low, I used this chart to start with. We had a 50% retrace and some Energy stocks were beginning to look Bullish too. I encouraged readers not to buy until we get a break above the tight downtrend.