USO 全部观点

Same thing holds true with the oil and I've seen this long enough to realize that the stocks tend to lead the oil not the other way around. So, the fact that those are very strong, I think is a good sign and uh I would think that we're probably going to see this sort of drift higher over time.

First off, let's look at US oil. You can see here US oil most recently, as you see here on this price action at the middle part of August, notice how when we went up to attack this declining trend line, we hit it 2 days in a row, then just faded with this trend line before breaking out and confirming with this extended move. Now we have price on US oil coming back down for my trademark breakout retrace bounce play. So at $80.53, you can anticipate price action catching support on the chart of US oil and then potentially bouncing to push up to the next key resistance here at $96.44.