USO 1 min looks like a consolidation, maybe an intraday bounce thus far.
5 min- The drop in 3C on the open as seen above, looks more like USO wants to pullback a bit here.
The longer term still looks like there should be more upside.
I'm trying to decide whether I'd close a USO position or ride it out at this point. I think I'm going to delay that decision to see what comes out of the 1 min chart.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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