AMEX:USO   UNITED STATES OIL FUND
19 0 0
Impulsive bounce from 8.97/8.87 would be a warning to shorts. Strong break below 8.87 points to 8.53/.25 or lower. USO has had some extremely extended 3rd waves over the past few years, so catching this knife (looking long) is ill-advised. Long traders need to see a 1-2 bounce set-up off support in order to establish both a probable potential trade target as well as an invalidation stop below start of presumed wave 1.

Related Ideas

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out