USO is narrowing in an unusually tight consolidation in a normally highly volatile market. Something has to give. Oil is pinched between supply constriction and concerns about demand. But the trend remains to the upside.
Watch for a shakeout to bust support followed by a trailing bid oppty.
Watch for a shakeout to bust support followed by a trailing bid oppty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.