UCO update

Not too much to add to UCO, other than it’s stuck in the green and blue uptrend channels and reached the 1.382x extension. Volume keeps decreasing; less buyers, and negative divergence is setting up on the daily RSI5. $13.50 remains very tough resistance. However, there are no sell signals yet. Those will occur with a drop below the blue uptrendline now at $12.5. Note that a tentative ending diagonal is forming; drop out of it targets $9-$8.

UCO