USO - oversold hook 20ma break retest Long

United States Oil FundArca

Description

⋅ Jan 5, 2019 12:11 PM

USO - January 5, 2019 Trade Setup

USO closed just under the 20ma at 10.21.
This oversold hook trade setup offers
profit potential with a Monday retest over
the 20ma and a break over Friday's HOD
at 10.38. Look for resistance at price
targets of 11.09 and the 50ma at 11.54