USO got a wild ride ahead! We're expecting the course to drop further below the support line at $63 to finish the green wave 3 before rising up again to complete green wave 4. Subsequently, the trend should continue to sink into the turquoise trading zone between $52.24 and $43.83 in order to end the correction with the turquoise wave [2] prior to heading back North and leaving the target zone.
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.