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

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$.


You can follow me on twitter for more live ideas and analysis (@alexanderyf).

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

Leave a Reply