Possible USO recovery
USO has taken a huge hit after the Russia and OPEC+ debacle. Since then, countries are making an effort to cut production to bring back oil.
Since then, the RSI has been diverging towards the upside and we are now in a squeeze with upward momentum. We have been buying accumulating CALLS for June. $4, $5, and $6 strikes.
Since then, the RSI has been diverging towards the upside and we are now in a squeeze with upward momentum. We have been buying accumulating CALLS for June. $4, $5, and $6 strikes.
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Disclaimer
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.