The XOI.X model predictive curve continues to shift to the right, and
suggests that much lower prices are highly unlikely, while pressure is
building for a rise going forwards. Astute readers with good memories will realize this is the same analysis as provided from the model run about a month ago shown below. Also of note is that a medium term model of USO continues to remain in sell mode, as shown here. A previous iteration of the model is shown below and here on the blog.