United States Oil Fund forum
USO Trump said two things yesterday 1) Elon Musk is a great guy (stock skyrocketed) 2) USA has liquid gold and has more of it than Middle east. So US has recently announced of pumping oil. I am speculating that USA is securing its oil stock and some reserves to sell globally. Strike on Iran is imminent. Iran is gonna shot down the red sea (or its oil will be sanctioned) : see what happens to USA oil prices... bang! When there is war, government needs money and the easiest way is to have high oil prices. Go figure.
USO Oil is up 4.5% yet this is half that. Has the ETF been manipulated this much? Might be best to exit this garbage
USO What are you guys thinking?
USO 2+SD below the mean on a 1-wk, 1-mo, 3-mo, and 1yr trend basis. And the term structure of crude oil should deliver nice roll gains for the next few months. Looks like an attractive long to me.
USO From a fundamental and technical analysis standpoint, the current risk-reward ratio looks rather appealing. Just my personal take—stay sharp out there!
USO nothing manipulation right ?
USO the plan for today
USO The price has reached the upper resistance level, which is the upper breakout point of STRADDLE. It is time for the STRADDLE holder to open a SHORT position at breakeven, to maximize the benefits of this structure. Furthermore, today is the expiration day for monthly WTI OIL options contracts, thus substantial volatility is possible.
USO traders pay attention to this option sentiment/strategy
