|2017.02.01 XOI.X Cycle Model Chart|
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. That said, my medium-term trading model for USO went short on December 21, 2016 and continues short. I update it on Fridays, so if it changes, I will post a comment here. A previous iteration of the model is shown below.
|2016.12.27 XOI.X Cycle Model Chart|