skokovjekoslav

USO long, 1st TP: 9.7; 2nd TP: 11

Long
AMEX:USO   United States Oil Fund
3
Welcome to all viewers, this is my first post on this page :)
Crude oil is RSI oversold condition, with fear everywhere, while actual data didnt change for last 9 months.
Healthy correction of correction itself is possible thanks to summer months.
Lets not forget that shale industry can not breathe under 35$ for barrel, and if they want to risk BK with raising FED rates, ...yea well. Hard thing to happen. Dont fall in market fear and happy trading :)

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.