United States Oil Fund ETF (USO) weekly chart

Again! Oil (USO ETF) will test major support of 29
USO will test major support of 29.  Intermediate trend is down and near-term trend is down.

USO 3-Year Weekly Chart

Again, USO will test major support of 29. Intermediate trend is down and near-term trend is down.

The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate (“WTI”) light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca………………….

______________________________

“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.