It looks like USO is overcoming resistance.
3C continued its positive divergence, note that USO made an attempt at resistance, failed, fell back and regrouped on another positive divergence and pushed through on some volume as seen below. I'd probably use a trailing stop such as the uptrend line drawn in.
If you bought UCO at the time of the last update, you'd have a 2% gain on the trade in a few hours thus far.
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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