USO presents a potential short opportunity at the specified price level.
Bearish
“Oil Surges On The Biggest Strike Yet (Gold, Silver, Nat Gas, Corn”
Verified InvestingPublished Sep 9 · 1 passage
Jump to any passage
1 passage
So could be a shortable opportunity on USO in that area for US for oil.
What this channel has said about $USO
Verified Investing has 4 calls on this stock; only the adjacent ones are shown.
2026-09-15
Next up into US oil. You can see US oil, as I described, continued pushing higher today. Only two days of consolidation. Now, we saw this occur back further on the chart in September 2nd when price action initially broke above this neckline of an inverse head and shoulders pattern that has a targeted measured move up here at $116. Uh but right now, oil says it doesn't really want to pause or pull back even though, look at this. We're overbought. We're past the 70 threshold on the daily time frame for US oil. So, we're due for some sort of technical pullback that very well could come right up here at the next resistance 108.26 near-term support down here at $9319. I've moved that up ever so slightly because of today's continued advance on US oil.
Quote at 09:20 ›2026-09-09BearishThis one
So could be a shortable opportunity on USO in that area for US for oil.
Direction flip
2026-08-25Bullish
First off, let's look at US oil. You can see here US oil most recently, as you see here on this price action at the middle part of August, notice how when we went up to attack this declining trend line, we hit it 2 days in a row, then just faded with this trend line before breaking out and confirming with this extended move. Now we have price on US oil coming back down for my trademark breakout retrace bounce play. So at $80.53, you can anticipate price action catching support on the chart of US oil and then potentially bouncing to push up to the next key resistance here at $96.44.
Quote at 00:30 ›