mazdaki

Initiated an initial position in USO.

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AMEX:USO   United States Oil Fund
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Initiated an initial position based on the divergence in the CCI indicator (higher low) and buy signal as the daily closing price of the stock was expected to be higher the high of the lowest low. in at 18.31. Expecting to retrace back up to 61.8% Fib value of 25.50. First test would be downtrend line at about $20.
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