United States 12 Month Oil Fund (USL) just flashed a death cross.

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A key support area to watch is near $34.

It will be interesting to see who wins this battle over here if it gets tested.

For Reference

The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.