USO's little bounce today – anyone else eyeing the $130 area?

asked by u/marie_n · 1d · 1 answers

Watching $USO today, it's had a decent little pop up to $127.61. Not quite the fireworks we saw a few weeks back, but interesting nonetheless. I'm curious if anyone else is seeing the $130 mark as a potential resistance point if this rally continues, or if we're just bouncing within a broader range here? Always good to get other perspectives on these things before getting too excited.

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  • u/haruto_y· 0 pts· 1d

    I'm still trying to get a feel for how these commodity ETFs move. Is the $130 level significant because of past resistance, or more of a psychological number for USO?

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