Oil (USO) Entry

USO is very oversold. Price went down almost continuously from 40 to 28 and seems to be stabilizing here. I may take a small position on weakness.

I already have an intermediate term holding in DXO.

2 thoughts on “Oil (USO) Entry

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  1. Best of luck. This market is in a major confirmed downtrend and I see no reson to be involved at this point. Lot of people have been attempting to pick a bottom since above $100 oil. So far, ALL have been wrong.Dutch

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