- The MACD is showing a pretty decent buy signal
- USO hasn't wanted to cross over the $4 mark for 2 weeks now, could be possible support
I'm bias because I opened a position but how much further could it really go? Even with overproduction and limited storage. The ones losing the most money in this crash are the ones controlling the prices. Next year should give plenty of time for oil to recover.
Thanks for reading.
- USO hasn't wanted to cross over the $4 mark for 2 weeks now, could be possible support
I'm bias because I opened a position but how much further could it really go? Even with overproduction and limited storage. The ones losing the most money in this crash are the ones controlling the prices. Next year should give plenty of time for oil to recover.
Thanks for reading.
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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.