United States Oil Fund, LP has closed yesterday at $38.52. So far USO has hit a 52-week low of $22.74 and 52-week high of $119.17. USO has been showing support around 37.55 and resistance in the 39.53 range. Technical indicators are Bullish. For full story, click here
Articles Tagged "resistance"
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Crude prices dipped 4% in the last week and are trading 2% down. Crude holds USD 50 per barrel and USD 55 per barrel on the higher side is the resistance. For full story, click here