United States Oil Fund (USO): Short Term Rebound from Support

United States Oil Fund (USO) rebounded from the $9.50 support.

The medium trend is down as USO has formed a “Lower High, Lower Low” down trend channel (in green). Long term trend USO is trading side way between $9.50 to $12.00.

USO has to stay above $10.00 for successful short term rebound. If $10.00 become the resistance and $9.50 support is broken, more downside expected for USO.


Original post from http://mystocksinvesting.com


iShares MSCI Emerging Market ETF (EEM): Going to rebound from the support?

iShares MSCI Emerging Market ETF (EEM) is currently testing the 200D SMA support and also the uptrend support line. This support also coincides with 61.8% Fibonacci Retracement Level. Will EEM rebound from the support?


What is EEM?

The iShares MSCI Emerging Markets ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities.

EEM Porfolio