UNITED STATES OIL FUND AMEX:​USO

Hi friends! Welcome to this quick update analysis on the US oil market, via the USO ETF! Let's get it! Looking at the daily USO chart, you can see that price has plummeted, after I warned about the bearish engulfing candle yesterday. If you recall from my post two days ago, I said "I'm particularly interested in a rally up to the "Overhead Resistance" level at ...

buy like a chad

Looks familiar. Some rebound here?

Some levels on $USO.

Hi friends! Welcome to this analysis on the bloodbath in the oil market! Let's get right to it. looking at the daily chart, for the USO ETF, we can see that a massive head and shoulders pattern (in blue) was formed inside of the ascending parallel channel (in pink.) As you can see, a devastating breakdown occurred on November 1st, which smashed through the ...

RSI+ROC have not been this low since early 2015/late 2014 Forming reversal candles on the weekly chart SRSI and RSI+ROC are starting to curl up Horizontals marked are the S/R levels to watch for possible rejections and bounces Prices of each level are on the right side of the chart ---------------------------------------------------------------------- Possible ...

Oil has taken one of the worst beatings in a while, definitely signs of a reversal forming here and therefor I am long via calls, looking for a move towards the yellow box as there is strong resistance there. Break above there would lead to a good couple weeks of uptrend, for now just an oversold bounce plus good news at the moment. A move below the top of the ...

Important to watch for the next few days

With natural gas in play, opportunity here allows participation similar. Price extension to the downside should slow down & the neutrality should give room for risk management if directional assumption is wrong. 8/9/13.5/14.5 JAN19 IRON CONDOR @ 0.21 CREDIT General plan: Roll if necessary & if possible to reduce risk. Target maximum profit, unless significant ...

Huge capitulation sell off today in OIL. Usually when everybody throws in the towel its time to look for buying opportunities. Will be watching for a reversal pattern in oil.

Oil is crashing today. It has been crashing since the beginning of October 2018. The Unites States Oil Fd LP (USO) topped out at $16.25 at the start of October but now trades below $12.00. This is an over 25% collapse in a month. Today looks to be capitulation with panic setting in. This means it is likely putting in a bottom for a bounce. The technical chart ...

This may fall further. Low entry near. We are currently at the long term support from the beginning of 2018. Looking for entry near the high 9's, low 10's.

Hi friends! Welcome to this update analysis on the US oil market, via the USO ETF! Looking at the chart, you can see that the USO did exactly what we were looking for after yesterday's analysis. If you recall, I said "I'm particularly interested in a rally up to the 'Overhead Resistance' level at $13. If price rallies up to that, and then reverses away from it, I ...

After a 10 straight drops, oil finally at support based on my indicator. As long as the support holds, long oil. TP: 65

$USO US Oil looking very oversold. Expecting to hold support this week and stay above $13.00 Looking for a medium term bounce - targeting ~$15.40 (early October gap-fill) by year-end Note: Informational analysis, not investment advice.

I've been doing well buying puts once the corrections are developing. Usually about 3-4 weeks out to allow the correction to develop and so I dont get slammed by theta decay. Now eventually if we're in an impulse to go down, we will need to see a bigger correction to develop. Will we get a few more pushes down before that happens, or will it start right now? ...

See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Nice weekly & channel.