skokovjekoslav

USO long, 1st TP: 9.7; 2nd TP: 11

Long
AMEX:USO   United States Oil Fund
3
Welcome to all viewers, this is my first post on this page :)
Crude oil is RSI oversold condition, with fear everywhere, while actual data didnt change for last 9 months.
Healthy correction of correction itself is possible thanks to summer months.
Lets not forget that shale industry can not breathe under 35$ for barrel, and if they want to risk BK with raising FED rates, ...yea well. Hard thing to happen. Dont fall in market fear and happy trading :)

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