One Gap closed on the ETF OIL tracker

Gap closed this morning.
Other gaps still below,
but Positive divergence now on the hourly RSI(5)

 

USO gaps are insignificant IMO as it's based upon oil/NG/HO futures which show no gaps.

 

Right.
But some kind of "suction" below.
That downtrend line from June 2022 calling the shots here.
(much different $WTIC to USO)
Shorts working hard.

 

But hey wait a darn minute everyone was expecting 100 oil a few weeks ago..

Haaaaaaaaaaaa.....idiots

 

slight bullish divergence on the hourly
See what happens in a few hours.
For the record, I am just long (LTCG).
No scalping, no swing trading.

 

Some professional writers are newbies and they lack experience.

 

%%
LOL the cure for Hi prices \is high prices .
Even XOM admitted ''unwanted $20 spec premium in oil''
Bottom line, is many were not buying the hype = '' some ...... writers are newbies'' .

 

Ahhh is that it....