USO: Testing Critical Support

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USO is currently testing a critical Resistance turned Support at about $10.30. This level is also the last defence of 38.2% Fibonacci Retracement Level. Breaking this support indicates the recent uptrend has over. USO is currently trading below 20D, 50D and 200D SMA.

USO July23-2016

See previous post on United States Oil Fund (USO) here.

Crude Oil Brent July24-2016 Crude Oil WTI July24-2016

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