UNITED STATES OIL FUND LP

NYSE ARCA & MKT

USO

b123blee

Reference link for a chart of the details. www.linkedin.com Brian K. Lee, MBA, PRM, CFA

TradeCobra

Since collapse we have had a good recovery with a very strong impulse and the 3 day continues to shoot green. Now we are zoomed in on 12 hour timeframe. After the strong impulse, price action has started to range into something similar to an ascending wedge creating a test at the recent top with a tight price consolidation. These are the perfect kinds of moves...

MrMoneyMatrix

FUNDAMENTALS: Ever since the reverse stock split back in April of this year, this chart has become problematic in future price discovery. I have no skin in this, but I want to take on the oil markets as a challenge to myself to focus in on the global markets, and how political shenanigans play a factor in the price of oil. Just keep in mind what drove the prices...

leftovers_man

USO looking for a leg up within the next week

TradersForecast

Analysis (on 2 and 3 day charts): The direction lines are trending down and crossing 0 (meaning there is a down trend). The swing (purple) lines are relatively high (meaning they are over the very short term, the one the one-bar time frame). On the 1 day chart swing lines reached a low and started to trend up indicating a reversal may be...

00:34

cryptowaveman

Don't like the look of USO. Still think its in a running flat correction but possibility its some kind of ending or leading diagonal.

00:35

cryptowaveman

Been awhile since USO has done much. Think it has started toward bottom in wave C.

dgnsrekt

Nice squeeze. Breakout candle. Yellow to green. Lets see if this works out. SEP18 $30 Strike Call contract currently valued at $1.57

TradersForecast

Description of my Tug-of-War (ToW) indicators (named for the tug-of-war between the bulls and the bears): The price moving up or down is usually correlated with the lines of my ToW indicator being above or below 0 (you can hover in the chart above over previous bars to confirm). The green lines in the 2nd pane from the top and purple lines in the other panes...

JenRz

This came to my attention in a significant way. I expect a swift move down to the 26.76 area for tomorrow (Fri). This is based on my dowsing/divination methods. Wish I could've gotten this out earlier, but it just came up.

swimmax

Though I don't share comments on USO oil trades we finally broke a resistance level set at 30.21. Looking now to see what the next few weeks brings for $33 a share.

NoFomoCharts

$USO (United States Oil ETF) is currently in a Ascending Triangle Pattern and is near a breakout/breakdown point. Upside Breakout Target: $33 to $34. Downside Breakdown Target: $24.50 to $23.50. Large Volume is needed to confirm the breakout or breakdown.

dgond15

USO Long

00:28

cryptowaveman

Looking for a wave C right now.

GregFolin

USO is likely now subject to "fast-money shorting" as a widespread factor in the action. We all saw oil was the hardest hit by the first wave of lockdowns, going to -$40/bbl into May expirations. But the USO etf restructured to reduce impact on the curve, allowing delivery, and a ton of wells shuttered. Add to that the fact that we probably aren't going to shut...

DanjaZown

Certainly with the fall two days ago a bounce could be expected but now a declining wedge appears to be forming. I have had to extrapolate the lower resistance but that's essentially what it will probably look like.

TradeCobra

💰 LET'S GET INTO SOME OIL ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - 3day Chart - Doji Compression - 3/3 EMA DOTS Red Potential double top as oil takes a 5% hit today. Take entry based off indicators and add the breakout on the range drawn for extra confirmation on...

ikhoshnawi

USO bullish for long term maybe 5 or 7 years