Oil Hit Key Support & Bounced Because Of This Simple Key

The United States Oil Fund LP (ETF) (NYSEARCA:USO) fell sharply today as more economic fear swooped in to freak investors out. As it fell, it hit a major level that only technical traders would see. This level should blow your mind because it is exactly where oil went to and why it bounced and could continue to bounce. Note the chart below and be amazed. Anyone not reading the charts should learn how. There are millions in profit available to those that know this stuff.

 

Gareth Soloway

Chief Market Strategist

www.InTheMoneyStocks.com

 

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