oil continues to weaken and sell-off cheap

This downtrend in oil is really amazing. 

It also goes to show just how deep the sell-off has been, where we have seen in the past week rallies of 12% and 8% among other days to the upside, and still, USO hasn’t put together enough momentum to push through the downtrend. 

To say the least, for the market to truly get bullish, and where you can have more than just a few positions in play, USO is going to need to push through this downtrend and break higher. Until then, it leaves this current rally in doubt.

technical analysis for uso oil 

    You are unauthorized to view this page.

You Might Like

  • Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • How to Trade Breakouts Without Getting Trapped

  • Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind