USO to breakout above US$11.50 amid potential breakout in crude

Long

United States Oil Fund (AMEX:USO)

Updated

AMEX:USO United States Oil Fund

uso brent wti crude

As the crude oil price is still trending within the uptrend channel, we expect it is poise for a breakout towards the US$60-US$62 levels.

Comment:

Crude oil is getting more interest after the recent OPEC news, monitor for the sideways consolidation breakout above US$11.60 on this ETF

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