USO - ETF
English -
USO (etf) - Looking for a short term target of 35.80 and a mid term target of 38.80. Double bottom formation. Strategy is long at these levels with stops below 29.00.
EspaƱol-
USO(etf) - Se busca el objetivo de 35.80 a corto plazo y 38.80 a medio plazo. Doble suelo. Estrategia es de entrar en largos a estos niveles con stops por debajo de los 29.00.
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where is this going?
A "Descending Continuation Triangle" chart pattern formed on United States Oil Fund LP (AMEX Stock Exchange). This bearish signal indicates that the price may fall from the close of 26.91 to the range of 20.75 - 22.00. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved.
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