United States Oil FundUpdated USO Long
USO long on reversion to mean (and reversal candle on 8 MA). Oil broke out past couple of days out of triangle consolidation, so USO should rally further for a while.
Note
Maybe we'll get that retest in the coming days?? Maybe??Will be a buyer if it retests and reverses on a MA on trendline.
Note
OIL is STRONG after this breakout. 2nd flat top Breakout level is 13.28. Close above 13.5 can be bullish for an entry. Watching closely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.