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USO trade ideas

USO Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 82/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:USO
by fibonacci6180
US Oil trading planFirst of all before I follow the trend I check what kind of trend is this, soo that is gonna be easy for me to get into position, US Oil is a down trend market however a down trend market does goo up n down, soo there is a short buy to 91 n 105 coming weeks before another leg down, before you can analyze find trend always, investing n trading is going to be easy n give you power to hold negativity if you enter wrong entries, you gonna be knowing we're market is trending beside short movement,find a real trend n check previous years make sure you are following right trend📈📍
AMEX:USOShort
by mulaudzimpho
USO Long Next week Tgt $90-95 This grabbed my attention because I had a notification in my calendar for today with the stock FTI possibly scheduled for a move up. It's some oil stock my dowsing chose in November along with the stock TTI, but I'm not doing an idea on that one. I did do FTI. So to confirm bullish in FTI, I check USO and it's very consistently bullish. I feel really good about this and the opportunity rating is a 9 from 0-10 scale. I suspect USO could be down Monday morning in which case you want to buy it and we're looking to be long into March 16th or so (ugh I see it's a saturday) so let's say the 15th. It may get into the 66-67 zone, but big picture, the main idea I believe is to buy it on Monday morning. I left my old higher targets on the chart for the idea from back in November. It did give a date of March even back then, so that's consistent. The first target today my pendulum went to was around $93, but I'm doing something new, which is asking for the most capitally efficient profit target, which gives around $90. Another reason I'm kind of pumped about this is that I totally nailed the last high on USO (even though I don't think I noted it in my idea). So It gives me some confidence lightning can strike twice!
AMEX:USOLong
by JenRz
USO Stock Chart Fibonacci Analysis 020824 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 69/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:USO
by fibonacci6180
11 Week Pattern in $USO in 2023The methodology shown here is what I call "Time@Mode" because of a pattern of counting the number of bars at "the mode" of a trend and using that count to project the time of the move out of that mode. I found the pattern by plotting charts by hand back in the 1980's, but fine-tuned here at TradingView with the powerful charting and tools available to us, amongst many other innovations and discoveries. What you can see is a pattern of 11-week moves that have occurred AFTER AMEX:USO , or Crude Oil's ETF, formed 11 weeks of time in the uptrend* from March 2023 through July 2023. I have highlighted the range of the mode from 63.21 to 63.97 using the blue price tags. Once the mode has set and the market either "range expands away" from the mode or simply has an "entire range" above the mode (for an uptrend), then the timer starts and you can count the rally starting from the start of the 'range expansion bar' or the 'bar above the mode' as bar 1. *Step back a moment to define 'trend': "UP-trend" is whenever there is a period of 5 bars without a new low AND when the last price is > the mode from the low. This is the case from the low in March 2023. The opposite is true for downtrends. It is a simple definition and it works. To continue the story of the 11-week pattern: AMEX:USO had an 11-week accumulation or 'mode' back in March-July 2023 which set up an 11-week rally into September 2023. That was followed by an 11-week decline back to the 11-week mode in December 2023. Since that low AMEX:USO has been rebounding and this is the 8th week of that rebound. Will the pattern keep repeating? We shall see. For now, at least you know the pattern. Cheers, Tim 11:38AM Feb 1, 2024 AMEX:USO 71.80 last If you have two t
AMEX:USOLong
by timwest
2
USO ( Oil Futures ETF) Swing Trade Review LONGThe idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The China recession is a drag on oil prices as is Russian sales below market but no matter the shipping costs have gone up and so also the price of what is being shipped. The 30-minute chart shows the trades based on the premise of a volume profile with the evolving high volume area between the blue lines and price simply a black line. As the price is supported by the lower black line and resisted by the upper black line and the price is expected to rise, the trade plan was to "buy low" when the price dropped to the lower black line with two lots of shares. When the price rose to the upper black line sell one of those lots and run the other to gradually acquire more shares and average up. A high-volume area breakout 3 days ago was also used as a buy signal. As of the present, the trade is carrying five lots of 10 shares each. Profit has been pulled out in partials each time a lot has been sold at a red down arrow. The trade close signal will be from the RSI indicator when the fast RSI line in green goes under the slower red RSI line. Upon closure, the profits will be redeployed by shorting USO using a similar strategy: short selling at the top of the high volume area two lots of shares and buying to cover one lot at the bottom of the high-volume area. Although this trade is a slow-moving swing trade used for disciplined and deliberate trading, it is very low risk with moderate profit and for the most part is risk-free because the entry points are relatively precise especially if using a shorter time frame than the 30 minutes here.
AMEX:USOLong
by AwesomeAvani
1
USO Stock Chart Fibonacci Analysis 011424Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 69/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:USO
by fibonacci6180
$USO looks like a great shortJust like everyone think GOLD is going higher, people are overly bullish oil because of the war, blah blah, *insert your fundamental bias here.* The reality is, the chart looks like shit. Price just rallied directly into resistance and has now formed a lower high confirming resistance at $79. The price of oil is going much lower from here. I wouldn't touch this from the long side until we get into the green support levels. Good luck to all of the people bullish oil here because it won't turn out well for you.
AMEX:USOShort
by benjihyam
USO Stock Chart Fibonacci Analysis 121923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 69/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
AMEX:USO
by fibonacci6180
USO US Crude OIl ETF trending down SHORTUSO on the weekly chart over the past two and a half years makes a symmetrical triangle patter with the upper and lower trendlines drawn in. Price appears to be dropping out of the pattern in a breakdown and she now yet tested the prior support trendline as resistance. The Stochastic RSI and Zero Lag MACD are confirmatory. The Relative volatility indicator shows downward volatility exceeding upward for six weeks now. Putin just met with OPEC+ in Saudi Arabian. It is doubt that the OPEC+ has the fortitude to cut supply to force prices higher. Dropping the price of oil nicely supports global efforts to stymie inflation for the good of all except perhaps OPEC+ and Big Oil. I will take a short position in buying put options on USO. I will strike $ 60 because the puts will be cheaper and I expect the price to drop below that into a volume void on the profile and not be easily able to get above the volume shelf at $63 where I will set the stop. I am targeting $35.00 which is comfortably above the volume profile POC line. I will take an expiration next July during the presidential nominations. Politicians are also wanting oil prices to drop to keep voters happy. All goepolitical events will have a bid in the price action of the puts.
AMEX:USO
by AwesomeAvani
Low in USO target $94-96Since I was pretty close back in July at calling the next high (though I didn't know it at the time) in USO around $83-85, and my dowsing keeps bringing my attention to it, I figured I'd check in more seriously on USO and post an idea. Early last week was telling me to look for a low on Thurs. It's really good when price has a big move on my dates since they are often reversals, and Thursday USO was down over 4%. Then I had to buy it on Friday (but I bought on Thursday). That held up super well, so I think it's a longer term low in place. It might be a bit choppy over the next couple weeks fyi. When I've asked for prices over the last couple weeks I've gotten a prices all over $90! Specifically, $94 on 11/10, $98 11/16, and today got $96. I asked how long this takes and got "months" as an answer, specifically 4. I really want to see this last low hold. We'll see!
AMEX:USOLong
by JenRz
USO Bull Put spread on -1 sig testSymbol USO Open Date 11/8/2023 Put or Call Put Expiry Date 1/19/2024 Short Strike 65 Long Strike 64 Price to Open 0.24 Min Width Multiple 2 Risk Ratio 3.17 Return on Risk 31.6% Opening DTE 72 1 Day ROI% 0.44% Max Annual ROI % 160.1% USO has the worst calendars of any ETF. Tested the Bullish Daily -1 sig in the morning and I sold behind -2 sig at 65. Essentially giving it 1.25 sig of room to win. Had to go out to the Jan 19 just to get the spreads though, so that sucks. Did not want to be near 66 or 67, so had to be far out on the calendar. This one is rolled out so far that I'll have to buy it back if it stalls at 73.50. If it gets the Bull hard push above VWAP at 75.50, then I'll be more likely to let it expire until something else becomes available. Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast. Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF? It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF? The Fed is the ONLY thing that matters apparently. Have to watch some economic analysis, but not sure why Oil related markets are falling so hard and fast. Because nothing says LOWER oil prices like a war in the Middle East with a Terrorist group... WTF? It's like the 2020/2021 SPY rally where nothing says GO TIME BULLISH like shutting down the entire global economy for 6 months... WTF? The Fed is the ONLY thing that matters apparently.
AMEX:USOLong
by claypuzzle
2