Market Analysis for Trading on 5/07/19

Mish Schneider | May 6, 2019

New United States Oil Fund USO ATR: .29) Held both the 50 and 200 DMAs today and is back over the 50-WMA. That puts the risk very close under 12.65 or 12.50-our choice. Thru 13.05, it will appear that the correction is over as the accumulation phase remains intact. That would put the target at 13.85 to 14.07 area Existing Positions Target 1 HIT! 113.97 Target 2 HIT! 115.44 Disney DIS (1.98) Reporting date 5/8

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