I know no one thinks oil is going to go lower after the run we've been having and the fact that there's a shortage of oil supply due to the conflict with Russia/Ukraine, but the chart is telling me a different story.
I don't know what could cause a pullback, but I could see
USO falling back the $56-62 support levels sometime over the next few weeks before continuing higher. Definitely a high-risk trade and I'm playing it through options... let's see how it plays out.
I don't know what could cause a pullback, but I could see
USO falling back the $56-62 support levels sometime over the next few weeks before continuing higher. Definitely a high-risk trade and I'm playing it through options... let's see how it plays out.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.