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.


Player Avatar Acolin (45.84) Submitted: 12/31/2012 12:23:20 PM : Outperform Start Price: $33.21 USO Score: -63.82

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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