There's a small 1 min negative divergence in USO right now.
I'd watch for a pullback to the 20 sma on a 10 min chart, much below that and I'd exit any long UCO/USO positions until things clear up.
Is interest rates about to start going up?
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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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