This is a 2x short crude ETN, it looks like it may be a good position to come back to, but right in this area, it looks more like a near term pivot is about to take place.
I'll update USO soon to give you a better idea of what it's looking like.
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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