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FriscoTrades

$USO Looks toppy

Short
United States Oil Fund (AMEX:USO)  
FriscoTrades  
AMEX:USO   United States Oil Fund
Economic Cycles Parallel Channel Oscillators USO Oil short Bearish Patterns tradethechannel tradeidea Stocks
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economiccycle parallelchannel oscillator uso oil short bearish tradethechannel tradeidea stocks
USO trade idea - start building short as USO has followed the channel and appears to have topped.

Measured move would be towards bottom of channel now.

Stop loss near previous highs.

I like this idea because while many names are currently down and hard to short in the hole, USO appears to have just started rolling over. Technical indicators are pointing to sell signals as well.


Let's see !
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