Publishing the USO 3 day chart.
Oil is currently getting beat up with the forward outlook for a slowdown. Oil getting soundly rejected after running into a long term trend line. This looks like it is heading sub-$70 in the near term.
Previous XOP idea, with XOP also getting rejected at a similar long term trend line:
Oil is currently getting beat up with the forward outlook for a slowdown. Oil getting soundly rejected after running into a long term trend line. This looks like it is heading sub-$70 in the near term.
Previous XOP idea, with XOP also getting rejected at a similar long term trend line:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.