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  • Buying USO Is a No-Brainer [View article]
    As a rejoinder to above comments, just checked USO moving averages. The 20d and 50d are falling and not yet crossing up to trigger a positive technical signal.

    Noticed Alan says agree in principle to buy USO but premature now.

    I have actually made a loss trading USO months ago buying at relatively high levels [oh in mind at the time was "peak oil" and usd 200 forecast by Goldman]but got stopped out after some 20% loss on the position. Since then I have been following behaviour of USO with interest but haven't made any trades. At some point there are bound to good trading opportunities because oil is a finite resource and it can't keep dropping. The bull/bear cycle will return but traders' timing is the issue.
    Dec 25 04:22 am |Rating: +4 -3
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