Crude Oil - Upside Target For USO

oldfairy

Crude Oil is really beginning to accelerate to the upside here. As you know I've been mega bullish on oil and have been expressing this view just about every week since last February. I just wanted to post the upside Inverse Head And Shoulders target for USO in the above chart.

Last week I scaled out of half my long position at the 200 day moving average and I continue to hold the remaining position looking for that upside target of $42 to $43 for USO. We'll see if the rally continues.


Posted by Kevin

121212128

really ? thanks!

buctusa

USO is highly overbought now. Expect a correction soon.............

johndai

有人出来轰抬原油的价格，看来原油的价格短期顶应该就在这里。

Crude oil : DOWN
新纪元 发表于 2009-6-2 15:44

very correct!

gege88

i bet oil down shortly

cartier

lwjnbtx

Down 之前还要往上窜一窜, 因为量还没上来.

outer

beijingyaz

对USO进行价量等指标进行画图分析，基本就是扯淡。

USO的价格基本取决于原油的价格（不考虑不同月份合约间的价格差）。原油的的走向不是TA分析得出来的。因该靠FA。 现在买uso， 还不如买石油股。

stringzero

Watch the down volume on the way up. not quite support the surge. At least a pullback in short term will be seen.

Dahutu

see post in blog....

http://blog.hutong9.com/space.ph ... o=blog&id=12253