United States Oil Fund (USO): Shorts got stuck hard.... ATM Looks like...

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Thursday, 08/18/2016 6:41:31 PM

Thursday, August 18, 2016 6:41:31 PM

Shorts got stuck hard.... ATM Looks like we got clearance for higher altitude... Daily Currently above r1 at 11.18... Now looking @ r2 12.59... Bb widening... Looks really good... However... Looking to see how we react to the current resistance break... I'm currently short the dollar as I believe it will weaken further... And if it does... Oil should keep some strength... However... I question what the off season will look like... We shall see Gla uso

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