UNITED STATES OIL FUND AMEX:​USO

with an upside bias.

USO Bearish Put Diagonal or Poor Man's Covered Put After nearly 15% rise in the WTI price in recent weeks, I'm taking a small bearish bet on oil with reasonable odds over the next 46 days of a small pullback back 3% to under 14.50. Followed the trade idea shared by the fine work of Sir NaughtyPines (link below). Long the OCT 17 put strike at 77 delta and ...

Technical show USO is moving lower. My plan is to short at current value with a Target 1 at 13.65. I am using puts as follows. USO 17 Aug Put. My strike was at .15 per put. Price is already up 20% on the day.

While I'm waiting for my August monthly premium selling plays to grind out, I'm pounding the pavement for potential directional plays to get in on. Late last week, I shorted TLT at the 122 horizontal resistance level I alerted last week via the inverse TBT, (See TBT Upward Call Diagonal Post Below), so I'm looking for fun in other places, one of which is in USO, ...

Before the trade there will be a bouce st that level and price will go up to the 15 level because the price is in the support lever After the trade You recongnize teh resistance levele and act accordingly Trying and trying maybe you should play wiht stop limit orders

Inverse H&S Retrace to .786

Oil price up today (70.64) USO (14.27) maybe a buy these next few days? If Cup pattern is correct.. Entry at 14.84

USO, retested uptrend line and failed big on Friday. Now, it is at its recent bottom around 13. If it does not hold here, there is a chance for a gap fill. USO has not rebounded well since the increased production announcement from Middle East and Russia. Some of the energy names are falling. SLB for example has a huge head and shoulders. It is a pattern to ...

USO fund left some gap on the way up from 9$ levels... need to fill those .... Selling advised fr downside tgts...

Weekly Chart Correction Target

uso breaking through its first bullish trendline, next support zone could be around 12.5 - 12.75.

Unusual buying activity on the 14s lets see what happens on a midterm run.

... for a .77/contract credit. Truth be told, I kind of hate USO, with XOP being my go-to for petro-based plays. That being said, with its high implied volatility rank (65) and its decent background volatility (31%), I figured I'd throw a "can't hurt much" trade on here as a demo trade for a "safety tape" setup. The basic notion of a "safety tape" trade is to ...

We are at the bottom of the channel, looking for some bounce here. Also having consecutive new highs while in the channel, further signaling the trend continuation.

Oil ETFs saw a sharp sell-off last week over concerns regarding Russia and Saudi Arabia. Given the support levels of the channel we have been trading in, I would like to see a bounce to the upside in the near future. Upcoming OPEC meeting on June 22 is a cause for caution in the energy sector, making volatility likely.

Write sometning about your psyhology thinking before trade? It is suterday and I am relaxed so see no problem, I just fell my back again Describe the trade. What you see? There will be a sell off in the USO what suggest the technical patterns and two supportd at 12.45 and bent, the problem could be only a contango. Write why you want to enter the trade in this ...

https://www.tradingview.com/x/H8jsoqmf/ If making A-B-C, Oil may have topped or topping very soon. Then the target is eventually making a new low with crude possibly going down to 25 area. If making the larger degree iii, blue box area makes sense. Then the target area will be as marked. Personally, I am leaning toward blue box area. Either way, I am ...

USO technicals showed a triangular consolidation which lead to positive continuation on the daily chart which is resulting in a continued reversal on the weekly chart from the previous downtrend. Trump helped oil by withdrawing from the Iran deal so this catalyst coupled with the technical charting should provide a fairly strong up trend. USO broke out of the ...