CRInvestor

USO - Consolidation after bounce

AMEX:USO   UNITED STATES OIL FUND
45 0 0
Very similar to CL1!             , the oil             ETF , USO , is basically consolidating after a nice bounce. Price here worked its way back up into the 37.50 area and is now working its way back into the Optimal Trade Entry ( OTE             ) Long zone around 34.50. At the moment we appear to be in what I would consider a poor trade location area. If we are going to take risks we need to know where our 'I'm wrong' level is and putting a trade on at current levels would imply a very wide risk threshold.....hurry up and wait....

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