Interesting patterns for ETF’s (USO, OIH and JO)

Η μεσοπρόθεσμη εικόνα έξι μετοχών.
April 10, 2018
Πότε αγοράζουμε και πότε πουλάμε;
April 11, 2018

Good day to all, 3 ETF’s and one stock with very interesting patterns are showed today…let’s start with the ETF’s where 2 of them are linked with Oil prices (where I’m bullish too).

USO United States Oil

Bullish channel, double top breakout, higher highs and higher lows, can’t get clearer than this. Buying pull backs.

OIH VanEck Vectors Oil Services ETF

Double bottom at 23$, trend line breakout. Risking as long as price is above 23$

JO iPath Bloomberg Coffee SubTR ETN

Huge downward sloping wedge pattern. A break above 14.59$ will give a break out signal and I would expect price to move towards 15.80-16$ at least.

Another interesting wedge pattern is found in CFFN US Capitol Federal Financial, Inc.

Break above 12.70$ and we could have a break out that could bring price back towards 14$.

 

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Thank you for taking the time to catch up on my thinking

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.