USO 60 min update

    Posted by matt on 2nd of Feb 2010 at 11:44 am

    here's the updated USO 60 min chart, it's moved up along with the market, it's been a nice trade so far from yesterday's buy signal

    USO just hit that first

    Posted by ditch on 2nd of Feb 2010 at 12:38 pm

    USO just hit that first (38.2%) Fib number at $37.66 and I sold half of my holdings.

    Oil Futures up $2.25 at $76.70 and that's close enough to my target $77, now moving stops up on remaining USO shares to $36.70.

    Cha Ching. Thanks Matt

    Really nice trade! I actually

    Posted by piclez on 2nd of Feb 2010 at 02:04 pm

    Really nice trade! I actually bought it on Friday and sold 1/2 on this peek, holding 1/2 for next 50% retrace. Thanks!

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