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inthemoneystock (< 20)

USO Pulls Back Intra-day. Watch This Level.



April 19, 2011 – Comments (0)

The United States Oil Fund(NYSE:USO) sold off a little from its intra-day high just before spot crude closed on the NYMEX at 2:30 pm EST. Traders should watch the $42.80 level for intra-day support. This could also be a likely scalp bounce level for the USO.

Nicholas Santiago

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