USO $52 Support By August

Jul 11, 2021

Oil will continue to rise in price. As such, USO will rise as well. On 7/9/21 USO was able to close above the short term downtrend. Right now this is signalling a breakout for anything above $51 next week. Volatility will probably increase, but given the current trend, RSI and MACD, there should be a steady gain over the coming weeks as we near August.

Jul 13, 2021

Note

Breakout confirmed. To the moon we go