4/21: Crude hitting major resistance on the chart. Since I don't trade futures in the Splash Zone, I have elected to short USO instead. There is plenty of long-term resistance overhead on the price of crude, which I will provide a chart for.
Check out the chart below to see what I am watching on the USO play. Some good developments unfolding for the bulls, but still remains on shaky ground until it can prove itself. Here’s the technical analysis on USO: […]