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Does Panic Equal Buying Opportunity On United States Oil Fund LP (NYSE:USO)

By inthemoneystocks on Fri, 2010-02-05 14:55
(via inthemoneystocks.com)

Oil is trading near the lows of the day following massive technical selling that was triggered at a break of $35.25. The dump has taken the USO down to the master support region between $34.25 - $33.75. This range will have a high probability of a bounce on oil and should be watched for a short ter