Reallifetrading
Panjang

USO showing bullish divergence

AMEX:USO   UNITED STATES OIL FUND
Stephen Jackson and others noticed nice bullish divergence on the MACD and RSI regarding USO . The SPY             also kind of has it. Therefore, " I personally still think oil/energy goes lower this year" BUT for the next 2-3 months, bullish to sideways grind city makes a lot of sense.

If you want to take this trade, just be quick about entries and exits.
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