USO - Trade The Channel

07/07/2008 12:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

The daily chart of USO shows a well defined trading channel with the upper boundaries now in the $121-123 area. First support at $115 with stronger in the $112-113 area. The lower trading channel is now in the $108 area.
  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...