Stephen Jackson and others noticed nice bullish divergence on the MACD and RSI regarding USO. The SPY also kind of has it. Therefore, " I personally still think oil/energy goes lower this year" BUT for the next 2-3 months, bullish to sideways grind city makes a lot of sense.
If you want to take this trade, just be quick about entries and exits.
If you want to take this trade, just be quick about entries and exits.
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