USO Head and Shoulders formed
Because USO is a roll trade ETF you get a smoothed price without the rollover spike/drops you see in WTI.
Look at the head and shoulders it has formed,
Price target of 8.50
EDIT: Also note the falling RSI for the three peaks.
Look at the head and shoulders it has formed,
Price target of 8.50
EDIT: Also note the falling RSI for the three peaks.
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