1
USO's little bounce today – anyone else eyeing the $130 area?
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.
1 comments · 1 points
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?