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02/14/2019 |

TrendSpider Thursday Analysis – Is Oil Ready To Move Higher?

Every Thursday, TrendSpider releases a blog looking at a group of stocks to show some of the features of the platform as well as show interesting patterns setting up. In this Thursday’s blog post, we take a look at USO (Oil ETF) and two oil-based companies MRO (Marathon Oil) and CHK (Chesapeake Energy). 

Video Analysis

USO: Daily vs. Weekly Chart

MRO: Daily vs. Weekly Chart

CHK: Daily vs. Weekly Chart

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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.