UNITED STATES OIL FUND

$USO 10.06 Meets upper resistance line, Bearish

$USO comprar con objetivo U$s 16/17 y stop en U$s 8. Si ejecuta la segunda pauta puede ir a U$s 35/40

Oil EFTS in a channel. See if it holds.

WTI has been consolidating in upper range of the last leg higher and forming a bull flag. Next leg will take USO up to ~$10.80 level.

Quick idea on USO

ENTER 9.57 STOP 9.82 TARGET 5.88

my roadmap

Welcome to all viewers, this is my first post on this page :) Crude oil is RSI oversold condition, with fear everywhere, while actual data didnt change for last 9 months. Healthy correction of correction itself is possible thanks to summer months. Lets not forget that shale industry can not breathe under 35$ for barrel, and if they want to risk BK with raising FED ...

USO has completed the AB=CD Bullish MAPE, I'm expecting a bounce back to the .382 fib line or higher ($9.60 or so). Crude Oil Inventories Wednesday the 28th

Maybe on Mon-Tue.

My roadmap - for tracking purposes.

I will start accumulating in the 8.8-8.9 area.

Long USO if lower channel reached Entry @ $8.80 - $9.00 Target @ $9.90 Stop @ $8.50

Looking for a bounce in oil after hitting (near) a 52-week low. Looking for this one to play out over the next several months. $USO

Will some buy if it bounces here...

$USO has V signal , support 9.5

Technical Analysis

Technical Analysis