USO trade ideas
USO - Ready for the next leg higher!WTI has been consolidating in upper range of the last leg higher and forming a bull flag. Next leg will take USO up to ~$10.80 level.
USO26th July - On Watch. ADCD Setup Off D Leg. RSI Over Bought. Major SR Level at 10. Handle. If PA Holds short then 940 Put.?
Comprar ORO NEGRO!!!!!!!!!!|$USO comprar con objetivo U$s 16/17 y stop en U$s 8.
Si ejecuta la segunda pauta puede ir a U$s 35/40
USO long, 1st TP: 9.7; 2nd TP: 11Welcome to all viewers, this is my first post on this page :)
Crude oil is RSI oversold condition, with fear everywhere, while actual data didnt change for last 9 months.
Healthy correction of correction itself is possible thanks to summer months.
Lets not forget that shale industry can not breathe under 35$ for barrel, and if they want to risk BK with raising FED rates, ...yea well. Hard thing to happen. Dont fall in market fear and happy trading :)
Bullish AB=CD Bullish MAPE on USOUSO has completed the AB=CD Bullish MAPE, I'm expecting a bounce back to the .382 fib line or higher ($9.60 or so). Crude Oil Inventories Wednesday the 28th
Long USO on channel regressionLong USO if lower channel reached
Entry @ $8.80 - $9.00
Target @ $9.90
Stop @ $8.50
Oil Bounce PlayLooking for a bounce in oil after hitting (near) a 52-week low. Looking for this one to play out over the next several months. $USO
Short-Term SELL, USOIn the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price.
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