NYSE:USO – United States Oil Fund MACD
Posted on 17. May, 2010 by Founder in Blog
Could the USO – united states oil fund be signaling a MACD buy here? We think so! Per the chart you can see that every time the MACD got oversold and the USO took a nose dive, it’s recovery was quick and profitable for traders. Calls and/or short puts and spreads are the best way to profit from the turn in Oil.
USO – United States Oil Fund ETF
Posted on 30. Apr, 2010 by Founder in Blog
The united states oil fund ETF had a good 3% jump in yesterday’s trading. We all knew the USO would start to rally after the oil spill in the Gulf has spurred concerns that regulation will come down once again on drilling companies. Looks like a re-test of the recent highs is a no brainier right now.
USO Extends Two Month Oil Rally
Posted on 01. Apr, 2010 by Founder in Blog
The USO ETF has been on a pretty good two month rally here of late. Oil prices in general have jumped from $69 a barrel in early February on investor expectations that a gradual recovery in the U.S. economy this year will eventually boost crude consumption. The thing that could stop this rally is ACTUAL consumption. The Energy Information Administration said crude inventories rose by 2.9 million barrels last week, slightly more than analysts expected. Notice also the clean down trendline that we have to break through first.
Crude Oil Prices Fall On Strong USD
Posted on 15. Jan, 2010 by Founder in Blog
Crude oil prices are falling this afternoon on a very strong move in the USD. Investors often buy commodities during this time of the year such as oil as a hedge against inflation when the dollar weakens and then clearly sell when it when the dollar strengthens. Some analysts we have read reports on expect growth in demand from developing countries such as China will help make up for slower economic recovery here at home.
Per the USO chart above you can all see that it’s still due for more downside in the coming week or so before hitting major support.
USO ETF And Oil Charts
Posted on 06. Jan, 2010 by Founder in Blog
The USO ETF and Oil charts are looking similar to the last two cycles recently. What seemed to happen in the past was that the USO rallied hard then traded sideways for a month or so before rallying again. So are we in for some sideways action here…maybe it’s a great time to start selling Calls above Oil.
USO – UUP Price Charts On The Rise?
Posted on 11. Dec, 2009 by Founder in Blog
The USO and UUP price charts are extremely interesting right now. If the UUP – dollar bullish ETF – falls back to support…
then we could see USO and Oil head higher off support in a hurry which would help send the markets higher of course.
USO ETF Review For Trading
Posted on 25. Nov, 2009 by Founder in Blog
Considering the dollar has given some more gains back, the USO ETF review today shows us that it’s likely to bounce higher from support. Per the chart it’s breakout from this trading range in mid-October and now has successfully retraced the breakout. Look for a small bounce here energy traders.
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