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USO Patience Before Picking Cycle Low

Commodities / Crude Oil Oct 22, 2015 - 12:00 PM GMT

By: Gary_Savage

A little more patience before trying to pick the cycle low in oil. RSI is just now getting oversold so its getting close.

I Like to see price close below the lower Bollinger band before trying to pick the bottom. Once it does then wait for a swing low to form.

Gary Savage
The Smart Money Tracker

Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.

© 2015 Copyright Gary Savage - All Rights Reserved

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