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USO $52 Support By August

Long
AMEX:USO   United States Oil Fund
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2
Oil will continue to rise in price. As such, USO will rise as well. On 7/9/21 USO was able to close above the short term downtrend. Right now this is signalling a breakout for anything above $51 next week. Volatility will probably increase, but given the current trend, RSI and MACD , there should be a steady gain over the coming weeks as we near August.
Comment: Breakout confirmed. To the moon we go

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