GregFolin

$USO May Now be a Contrarian Long Trade

AMEX:USO   United States Oil Fund
USO has hit the skids amid demand concerns as China turtles under the weight of Coronavirus quarantining. OPEC+ has failed to deliver a cut.

But support is holding and a squeeze is possible because better days lie ahead, powered by new stimulus and a coming jump in post-quarantine demand.

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