USO - Potential Double Top
Potential double top reversal.
Leaning bearish given some signs.
1. Bearish Divergence in 4HR MACD
2. Failure to reclaim March Bull Channel.
3. DXY trading in tight range in a downward wedge that may present a potential breakout putting downward pressure on commodities
Leaning bearish given some signs.
1. Bearish Divergence in 4HR MACD
2. Failure to reclaim March Bull Channel.
3. DXY trading in tight range in a downward wedge that may present a potential breakout putting downward pressure on commodities
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