USO 1d Chart, Q1 2023
USO, looking to be forming a double bottom within a double bottom off a long-term trend line. Personally looking for its reaction in the 72-73 range before any further assumptions, but if this gathers steam, I could see this reaching 76.
This is important for the overall inflation narrative, with energy being such a large component of the CPI.
This is important for the overall inflation narrative, with energy being such a large component of the CPI.
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