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Usoilforecast

USO ETF Resumes Trading Oil Futures - 155% Price IncreaseFollowing temporary suspension of trading new oil futures contracts for all institutional and private customers by USO's broker RBC, USO has secured a second broker, RCG, to allow the trading of new oil futures contracts by USO , effective May 29, 2020. In addition to the buying and selling of new oil futures contracts under RCG, USO still maintains full rollover capabilities of preexisting oil futures contracts, prior to May 23, 2020, maintained, and brokered, under RBC . From the market low of $16.88 on April 28, 2020, USO has seen a 155% increase on price, as of June 2, 2020. With economic recovery, and an increased demand for oil , poised to dominate the summer season, outlooks for holders of USO ETF are promising.
AMEX:USO
by JeremyTrades
SECOND ROUND OF USOIL / WTI SELLS INCOMING UPDATE!USOIL / WTI - Update. Created an equal high today after pushing higher. Then following on with a push down. Need to see a pullback to the areas highlighted if we can and see it rejecting strongly we can look to sell OIL. For now be patient and await some more signs. IF we do not reject after a pullback and keep pushing higher we may be in for OIL coming in higher ONE MORE last time to 28.40 so please keep aware and be patient.
TVC:USOILShort
by razainvestments
CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1
BLACK GOLD! is there some serious cash to be made?Scary times for oil, I was in favor for a turn around and thought 10$ a barrel was ludicrous but after looking at the monthly with my analysis it's looking incredibly favorable?!. When coming to the oil chart I was actually hoping to find a long opportunity lol. Take a look at that bottom trend line...we have had a perfect bounce and break bellow. not only just breaking the trend line but the structure too. The wicks need to hit that 0.168 fib line to complete the full retracement which coincidentally lays on that 10$ region. The 78 and 61 has been tapped perfectly. Now 16-17$ is a very strong floor which is where we may see a real bull/bear scenario but a break below this level and I do see 10$. My broker has had a serious lag with oil and is trading at $25 a barrel instead of $18...my broker is usually spot on with prices so this is very weird. I have taken full advantage of this lag and entered shorts to the $18 mark, I will move this lower to $10 and wait to see what price does at the $17 level before moving the TP back up. Oil being driven to all times lows just to be bought back again for serious accumulation...then a huge surge...? lets see, let me know what you think. My opinion...trade at own risk. Not financial advice
TVC:USOIL
by XHRISTIE
16