UNITED STATES OIL FUND LP UNITS

AMEX

USO

Hi friends! Welcome to this update analysis on the US oil market, via the USO ETF! Let's get right to it! Looking at the daily USO chart, you can see that the USO has been plummeting, since I warned about a potential fall to $10.70 on November 11th. The oil market has been in absolute freefall. You can see that it printed a bear flag (in black) right on top of...

I went long on this I think Thurs or Friday. Higher highs and higher lows, nice basing pattern with breakout above triangle. My stop is @ $11.14 (about 10% plus is below swing low). Below $12.03, I would view as negative if it drops back into it's consolidation zone. XOM looking nice today too. I normally avoid ETFs as a general rule, but this ETF fit the pattern.

No financial advise, always DYO Home work. Naked charts, simple PA bearish bias on 3D: - Rising wedge forming - Volume dropping and price raising (no bueno) - Gapped candles within the wedge. You know the rules: gaps must be filled - Retesting important fractal (red box). Clean break through this fractal may invalidate current TA. - Major liquidity pool below...

Hi friends! Welcome to this quick update analysis on the US oil market, via the USO ETF! Let's get right to it! Looking at the daily chart, you can see that price has bounced on my rising blue trendline support, but we're now returning to it for another test. If at any point, the rising blue trendline fails to hold, price will likely fall to the next downside...

When price Arrive to the supply zone we consider to short this market make sure follow me I will update the trading idea once we get close to the zone or we hit it .

The chart of USO looks much overbought.. Buy Zone: $13.32 to $13.59 Stop loss: daily clsoe above $14 Target: $12.25 to $12.04 You can Buy DWT , SCO or any others that have Inverse relation with USO or USOIL

notable things CBs are begging for price inflation gloablly. opec is being supportive. things look healthy supply demand wise in oil.we're about to enter into driving season. 1 thing that i've been turning back and forth on is how similar the setup in venezuala reminds me of the iran-contra affair. not necessarily right now, but slowly developing into. venezuala...

there's a high correlation between canadian dollar and oil. although data was moderate that came out about inventories. the moving/defining part of todays trade is the dovish tilt from BOC. the loonie fell supporting oil prices. oil is on the ropes and refinery utilization is very much to be focused on along with inventory numbers as we prep for driving season. i...

USO Stock may lose 50% from the current price!

uso: 10.94 11.07 area is ket support on market profile holds means buyers are strong

AMEX:USO Option: Put Expiration: 18 APR 19 Strike: 11 Trade Goal: Double+ Entry: .45 Sell 3/4 @ 1.00 Current USO Position: Impulse Wave 5 (Down) Fib Spiral: Wave Count: Will update. -AB

CHART IS MAYBE ENDING A CORRECTION

Inverse H&S Pattern complete on USO, I believe this will be catalyst for rising oil prices, of course their are many more. 1. Falling DXY- The US dollar has just started a downtrend that I believe will be a trend for not just months, but years. Fed Chair Jerome Powell just put interest rates on hold until further notice. On top of that, the unwinding of bonds...

11.62/61.80% is now resistance level.

Hello World! Great chart has the US OIL FUND, it could be the confirmation of the bull market, all commodities are entry on this side of the force. Hope to last a long way through the 2019

Oily Bull Posture..

Super bullish on USO with this inverse head and shoulders in the works.

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