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SeaLionLLC

$USO approaching multiple points of resistance 06-09-2014

United States Oil Fund (AMEX:USO)  
SeaLionLLC  
AMEX:USO   United States Oil Fund
USO Crude Oil Technical Analysis ETF
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uso crudeoil technicalanalysis etf
USO is rallying in a rising wedge that will eventually setup its selloff. In the short term it is reaching the highs of ~10 days ago and near a rising line of resistance as well as a horizontal line of price resistance. A little more rally may occur but it should be capped under these lines wherein a short term selloff will follow. The stochastic is setup for a selloff now.

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