USO (U.S. Oil Fund) Swoons Mid-Day
Although the USO (U.S. Oil Fund) failed to hold its initial gains of about $1 on a big gap-up open, the price structure swooned mid-day to completely close the gap, which ordinarily is a positive thing for the continuation of the nearest-term trend -- which is UP....To preserve a very bullish "look" the USO will have to close at or above 67.20....
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