Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

USO Breaking Out


With NYMEX WTI and BRENT OIL up $2/bbl, the U.S. Oil Fund ETF (NYSE: USO) is acting well. The USO sure does look like it's breaking out to the upside from its month-long sideways digestion area, which my work argues projects towards a next target zone of 43.60-44.20.

At this juncture, only a downside reversal and violation of Tuesday's pullback low at 41.16 will compromise the budding upside breakout.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!