Publishing the USO 3 day chart.
Oil is currently getting beat up with the forward outlook for a slowdown. Oil getting soundly rejected after running into a long term trend line. This looks like it is heading sub-$70 in the near term.
Previous XOP idea, with XOP also getting rejected at a similar long term trend line:
Oil is currently getting beat up with the forward outlook for a slowdown. Oil getting soundly rejected after running into a long term trend line. This looks like it is heading sub-$70 in the near term.
Previous XOP idea, with XOP also getting rejected at a similar long term trend line:
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