United States Oil Fund (USO) is way overextended, but still susceptible to shock events here.
War headlines can move markets quickly. The bigger question is whether the conflict changes earnings, inflation, rates, or recession risk. In many cases, the initial shock fades once uncertainty turns into information. When the shock does not fade, crude oil is often part of the reason. Historically, the S&P 500’s initial reaction to major geopolitical
United States Oil Fund (USO) hasn't looked this good in years.
The stock market continues to show mixed signals, with SPY, QQQ, IWM, and Oil all sending different messages, following the war outbreak in Iran. In this video, I break down the technical analysis on each of these major ETFs and crude futures, review my key market indicators, and reveal what traders can expect next as
Any bounce in $USO should be viewed in light of heavy resistance overhead.
Big bull flag breakout on $CF today, despite a bad tape.
The price for a barrel of oil is over $100 a barrel and keeps going higher. Will oil prices keep going up or are we do for oil prices to go down.Â
Will the stock market crash again? With war between Russia, Ukraine and NATO, the Federal Reserve considering an emergency rate hike, oil spiking and causing further inflation, the risks in the stock market couldn't be more extreme.
The stock market has been going back up over the past month, and now the stock market rally has lasted as long as the 2020 stock market crash itself. The big question now is when will the stock market crash again? Is it safe to assume the stock market crash is over and should the
Oil crashes and all the attention among traders turns to what oil stocks to buy. After the oil price crash that sent price for the previous oil contract into the negative for the first time ever, traders and investors are asking whether they should buy oil stocks right now. I am here to provide oil