USO – US OIL ETF – INTO BLACK ABYSS…

USO – US OIL ETF  –  Today  on ATA Research Radar 

 

ATA Following …

OIL – Long Term & Secular Perspective

Latest

25.04.2020 – OIL – Secular Perspective after Minsky Moment…

&

DXY

20.01.2019 –  DXY – NO F/X CAPITULATION…

 

Present Master  USO  Motives

Emergency Action –  Revamp Portfolio

radical change portfolio on  “extraordinary market conditions”  and “super contago”

plans to transfer money from its West Texas Intermediate oil futures contract set to expire in June to later-dated contracts and “other permitted investments”.

Goldman Sachs  OIL Active Warning

Another Oil Price Crash

Global Oil Storage Full In 3-4 Weeks

“Crunch Time” –  It could happen again

Combination of   Factors :

weak demand, excess supply,  shortage of storage

made it likely that

oil prices will drop below zero again next month

vs

TRUMP – US Economy Reopen Decision 

 

USO

 

First…ATA USO – OIL  Key  Tweets 

 

 

Second…Present  USO  Situation 

USO  SECULAR  SITUATION 

ATA MARKET MODEL IN SECULAR ACTION  

 

ATA MIND OVER MARKETS

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…Key Motives

above in this text…

 

Second…Market Technical  Patterns 

After

OIL Minsky Moment 

Dynamic OIL Waterfall under  ” Ground Zero ” Level 

Test – 40 USD Abstract – La Grande Noir…

with

USO Prices Shot Down

Test Psychological  Key Level 2.00 USD  

( All time Low 2.31 USD )

Now dominating

First…No Bear Wave Continuation 

Second…Bull Contraction 

Bull Strikes Back

Back above Higher Psychological Key Level 2.50 USD

( Last Friday EOD 2.57 )

with

Monthly Mega Volume 

 

USD Present Battlefield 

2 – 2.30 – 2.50   vs   2.80 – 3.00 USD

with

Major Psychological Key Levels  2.00  and  3.00  USD 

 

ATA  Investment  Conclusion 

special focus on

Present Active USO Zone 

2 – 2.30 – 2.50   vs   2.80 – 3.00 USD

with

Major Psychological Key Levels  2.00  and  3.00  USD 

&

Research New Pattern

of course with

New OPEC+, Saudi Arabia, Russia Central Banks Strikes 

 

N – TIMES

F/X  Maximes 

Risk strikes Fast…

Chart is More Important than 1000 Words…

&

Most Important s Final Smart Money Reaction…

First…EOM – April

 

by the Black Gold way

always remember

Oil  – Key Pathfinder for Wall Street & Global Stock Market…

 

USO  Monthly Chart :

24.04.2020 – EOD 

USO - M

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