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USO
Ideas

United States Oil Fund

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USO trade ideas

USO - Daily Corrective Elliott Wave pattern nearing completion. Note also positive divergence forming on MACD. Future impulsive rally thru 16.20 will indicate significant low is complete. A corrective 3-wave pull-back from a 5-wave move over 16.20 will set up a long entry with stop at coming low. Confirmation comes with price moving higher than initial 5-wave rally high. See also hourly and weekly analysis.

by nick.holland78

USO Will take some time to establish a proper base here. Very hard to take a Bullish position here & now.

Short

by fibline

USO Finding bottom and new channel USO trended within a 12 dollar channel from 2009 to 2014. It could be finding a bottom at the crux of the triangle down, break out and begin trending in a new channel. Perhaps using resistance of the 62% fib line.

Long

by Chucklehead

support for oil I wouldn't be surprised by a bounce tomorrow: Historical support & linear regression support Check chart for more thoughts. Very important level

by MindsForge

Short position on USO @ 9.4850 Shorting USO with an Stop Loss really close.... The downside seems more profitable at these level....

Short

by HenryHernandez

AB=CD Pattern on USO USO making quite a nice AB=CD pattern. Maybe a retracement to 9.15 at 0.618 Fibo's level.

by GungaDin

USO Long Trade Potential bounce level at the 1.618 Fib

Long

by Sanzarific

USO - It may due for a bounce!Crude is flushed again. Everybody is bearish and short the crude. I prefer to stand on the other side of the trade.

Long

by damoonmotamedi

Updated

USO COVERED CALL IDEA Having waited a long time for West Texas Intermediate to hit 2009 levels, I figured I'd put my money where my mouth was and go long USO when it did. I filled this one earlier today: Bought 100 Shares USO @ 10.05 Sold 1 Feb 19th 11 Call Total Package: 9.69 debit Max Profit: $131 (if called away at 11) You could probably get a slightly better fill than I did, as USO ended the day at 9.90 ... .

Long

by NaughtyPines

Updated

Don't Catch A Falling Knife This is why you don't try to catch a falling knife

Short

by TradingMula

i'm a buyer of oil good risk to reward ratio

Long

by mazdaki

Looks like a good buying opportunity.Reached lower trend line. We also have a reversal pattern candle stick today.

Long

by bordelais

USO SHORT USO shifted this morning and is more bearish again. My entry would be 1 tick below todays low

Short

by paulyberndt

oilers are mostly not in favor This oil fund is dying and trying to get momentum on the daily chart here. Back in August it tried to be somebody but, it held until November 12th of this year. Tried to recover and puked again I believe that this oil fund is soaking up the oilers for an example: Cabot oil and gas $COG, Conoco Phillips $Cop, Hess Corporation $HES, and Diamondback Energy INC, $FANG and more like this. SPDR S&P Oil and Gas Exploration and Production $XOP tells a different story far as price goes. Been in this range since the last day of November of last year. Today has been questionable for SPDR S&P Oil and Gas Exploration and Production $XOP should I rally or puke? We had noted Carrizo Oil and Gas $CRZO was trying to go revstrat and go back up on the day, it’s a inside week along with Chevron corporation , Valero Energy, and most of oilers are inside week also.

by newsdesk

$USO Falling Wedge with Bullish Divergence 60 minute chart of $USO shows a falling wedge formation with bullish divergence. Watching for a break higher.

by ctpelot

Updated

Short Here Target $10 EOW after EIA Petroleum Report later this week

Short

by TradingMula

USO is this a turning point Is this the turning point for oil... not sure.. It's got to be sometime..

by BizkitBR

Oil Cheat Sheet Here's what I expect this week for oil prices

Short

by TradingMula

Downtrend Continuation Target 10.20-10.35

Short

by TradingMula

LONG USO technically oversold weather in US in the upcoming weekend will help Decision: Long Stop Loss: 10.95

Long

by longchun.pang

Oil fund What’s this setting up for ? Is test the support four days and failed, will this expand to the downside, support at $10.89 can this hold? If $USO doesn’t get upside

by newsdesk

Perfect Wave Count Target on point according to elliot wave principles

by TradingMula

USO USO

by knutsel

11 22 33 44 55 66 77 88 99 1010 1111 1212 1313 1414 1515 1616 1717 1818 1919 2020 2121 2222 2323 2424 2525 2626 2727 2828 2929 3030 3131 3232 3333 3434

…999999

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