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nirmalc83
22 Mar 2018 01:31

USO Long 

United States Oil FundArca

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USO long on reversion to mean (and reversal candle on 8 MA). Oil broke out past couple of days out of triangle consolidation, so USO should rally further for a while.

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Maybe we'll get that retest in the coming days?? Maybe??

Will be a buyer if it retests and reverses on a MA on trendline.

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OIL is STRONG after this breakout. 2nd flat top Breakout level is 13.28. Close above 13.5 can be bullish for an entry. Watching closely.
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