BATS:USO   United States Oil Fund
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This stock is more driven in fundamental information than technical analysis . For example, global economies are slowing down, thus the demand for commodities is being reduced. In addition, the dollar is rising against the Euro , which gives the dollar more power. However, if Iran threatens again to disrupt the oil supply, oil price should rise, but we are not receiving any kinds of news of that kind, so i believe oil prices will continue to drop.
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