Since I was pretty close back in July at calling the next high (though I didn't know it at the time) in USO around $83-85, and my dowsing keeps bringing my attention to it, I figured I'd check in more seriously on USO and post an idea.
Early last week was telling me to look for a low on Thurs. It's really good when price has a big move on my dates since they are often reversals, and Thursday USO was down over 4%. Then I had to buy it on Friday (but I bought on Thursday).
That held up super well, so I think it's a longer term low in place. It might be a bit choppy over the next couple weeks fyi.
When I've asked for prices over the last couple weeks I've gotten a prices all over $90! Specifically, $94 on 11/10, $98 11/16, and today got $96.
I asked how long this takes and got "months" as an answer, specifically 4.
I really want to see this last low hold.
We'll see!
Early last week was telling me to look for a low on Thurs. It's really good when price has a big move on my dates since they are often reversals, and Thursday USO was down over 4%. Then I had to buy it on Friday (but I bought on Thursday).
That held up super well, so I think it's a longer term low in place. It might be a bit choppy over the next couple weeks fyi.
When I've asked for prices over the last couple weeks I've gotten a prices all over $90! Specifically, $94 on 11/10, $98 11/16, and today got $96.
I asked how long this takes and got "months" as an answer, specifically 4.
I really want to see this last low hold.
We'll see!