Dropping oil price has crushed USO. This means that it is not a strong fund, but still favourable for a SMALL trade. It is bearing towards lower support at around 9. If this support holds and it bounces back, we are good to go long. But as mentioned, with a small position. SL can be set at 7.5.
Good luck
Good luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.