United States Oil Fund LP
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$USO to $29-42 before a bottom is in

208
USO broke down from a long term that started in March 2020 and is now breaking down below support at $67.

The most likely outcome is a continuation down to the lower support levels at $29-33.

I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the $83 level.

Otherwise, downside is the most likely outcome from here.

Let's see how it plays out over the coming months.
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I don't like the idea of downside anymore now that the support was flipped.
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The path to the targets below is more likely now.

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