USO to breakout above US$11.50 amid potential breakout in crude
As the crude oil price is still trending within the uptrend channel, we expect it is poise for a breakout towards the US$60-US$62 levels.
Nota
Crude oil is getting more interest after the recent OPEC news, monitor for the sideways consolidation breakout above US$11.60 on this ETF
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.