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USO Medium Term Top Forming Update (12/05/2016)
United States Oil Fund
(
AMEX:USO
)
mych36
AMEX:USO
United States Oil Fund
USO
Crude Oil WTI
5
0
uso
usoil
A top appears to be forming on USO but medium term traders should not short yet. Looking at the MACD we still see positive momentum going on. It is safer to wait until we start seeing the MACD cross towards the downside before we look to short this.
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