UCO, USO updates 04/12

UCO, USO: are moving higher as expect since the last update, but do so in an overlapping manner. Nested 1,2 waves or Ending Diagonal Triangle pattern (see USO chart)? Always hard to predict these patterns beforehand, regardless all systems are still pointing up and pointing higher. Maybe not as high as expected, but as long as the lower uptrend lines hold (see USO chart) the trend is up.

UCO daily

USO daily