Oil Megaphone

The Megaphone or Reverse Symmetrical Triangle in crude oil fund USO looks interesting.  These are usually thought to be reversal patterns.  If that is what this is, it will end up having been at least a year before proving out.

Even a bounce to the top line would be a good trade.  I am going to think about slowly scaling in to hedge winter fuel costs at the least.  The anti-hysteria (to the “Peak Oil!” craze) seems mature now.

uso

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