United States Oil Fund LP (ETF) (NYSEMKT:USO)

CAPS Rating: 1 out of 5

The Fund is a commodity pool issues units that may be purchased and sold on the American Stock Exchange. It engages in the speculative trading of futures contracts and options on futures contracts.

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Player Avatar Acolin (44.52) Submitted: 12/31/2012 12:23:20 PM : Outperform Start Price: $33.21 USO Score: -35.21

The trend line for the 100-day Exponential Moving Average (EMA) on the daily US Oil Fund ETF (NYSEARCA: USO) chart is BEARISH, but the 10-day EMA is turning up. While the 10-day EMA crossed BELOW the 100-day, also a BEARISH sign, the USO ETF price-action has traded UP the past week to meet, but NOT cross, the 100-day EMA. This move indicates a possible reversal in the short-term trend is coming, though the actual BUY signal is not here. The 10-day has not crossed the 100-day EMA yet.

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