The USO position I'm so fond of, but I prefer a 2x leveraged ETF, as you know got a knee-jerk kick lower on Iran/Saudi conflict, however the intraday charts look really good. I suspected they would as the long term charts already have a commitment, so why not accumulate a discount?
I like USO here and now long and I think a stop can be placed just a bit below as long as it's not obvious and you have very little risk as well (assuming you are using reasonable risk management).
5 years ago
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