In the USO, each 'bottom' has been met with another decisive move lower. OPEC, maybe it has come to time for you to unleash Iran onto the Straight of Hormuz. If only for a few days.
During any market environment, technical analysis has a place alongside the fundamentals. Breaking down charts is a science and an art. TA helps me manage my risk as it gives a little more clarity and objectivity to my analysis on the market and individual securities. Also, charts can give clear direction on where to exit a trade either for profit or to stop out a loser. Risk management is Job #1
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