Is This Oil Fund is Drilling for Double Dip or what?

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I changed my position on USO. I think it's going below last low and headed for a double-dip.

Big institutional players always want to take price to the next best liquidity and to me, the purple area I highlighted is the target.

There's going to be panic down there so the selling will be massive which of course best time to buy long

What do you think?

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