USO with OPEC dumpling more supply on the market and US firms pushing record output, oil prices might be faced with a reset. tradingview.com/x/Dxl5HAfF
United States Oil Fund forum
USO with OPEC dumpling more supply on the market and US firms pushing record output, oil prices might be faced with a reset. tradingview.com/x/Dxl5HAfF
USO pump off the carnage in the Middle East, could be a good time to get short tradingview.com/x/7xL4rFwd
USO top of the trend line here… uso trades real TA like …. Would expect a drop back down to lower support from here.USO skating on thin ice 🥶 tradingview.com/x/8ZK35fkl
USO tradingview.com/x/KTstnQNG/ downtrend break but still needs to clear resistance, resistance break leads to 79-83 short termbelow 69.87 leads to downside
USO Looking for a big retracement here….More volatility expected here
USO Why is there such a difference in performance between USO and the futures? Does it have to do with rolling contracts each month?
USO Trump said two things yesterday 1) Elon Musk is a great guy (stock skyrocketed) 2) USA has liquid gold and has more of it than Middle east. So US has recently announced of pumping oil. I am speculating that USA is securing its oil stock and some reserves to sell globally. Strike on Iran is imminent. Iran is gonna shot down the red sea (or its oil will be sanctioned) : see what happens to USA oil prices... bang! When there is war, government needs money and the easiest way is to have high oil prices. Go figure.
USO Oil is up 4.5% yet this is half that. Has the ETF been manipulated this much? Might be best to exit this garbage
USO What are you guys thinking?