basically, i see USO can further tank a bit more before hitting the fibo 23.6% support. RSI seems to suggest weakening of the price as well...
a possible play is indeed to catch price at support and play a short term Long... with a tight stop loss just below the support line....or wait to see if price pushes down past the support line and then if it starts to bounce up again immediately...then enter a Long...
BUT becos Oil is overall getting into a bear trend, there must be some very good reasons to want to Long USO...
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