USO is in a sweet spot on its chart LONG

Telah dikemas kini
USO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect

oil liquidity globally and prices at the pump continue to be volatile the federal government

seeks contracts to restore the national strategic reserves depleted in the last supply demand

challenge while the presidential and congressional election cycle starts warming up.

On the weekly chart, USO has just crossed over the long term anchored mean VWAP line

as well as the POC line of the volume profile. This is a bullish momentum move. Price is

situated in the middle of the high volume area showing expectations of decent trading volume

and liquidity. I see this as an opportunity to take long trades in oil or anything oil related.

CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big

oil and oil futures.
Nota
See also
CVX drops and then starts to recover LONG
Nota
syot kilat
Nota
LONG OIL ENTRY TODAY : syot kilat
anchoredvwapbigoilEconomic CyclesMROoilfieldstocksoilfuturesOXYSeasonalityvolumeprofileanalysisVolumeXOM

Penafian