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TazmanianTrader
Feb 25, 2024 1:56 AM

$USO back to 50 day at minimum  Short

United States Oil FundArca

Description

AMEX:USO Headed back to the 50 day. Really quick. Will continue watching to see if we hold 69s or break lows. I'm expecting the pullback to resume after a quick stall at the 20day sma. The giveaway that helped pay last time was the rally above the death cross. That first rally is usually bearish as noted in the chart posted. Fast forward and we have the same setup today. Good luck out there.
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