Both USO (crude ETN) and /CL (crude oil futures) have broken out above the bullish falling wedge pattern highlighted in today’s Trade-Ideas video. I may still add this as an official long swing trade but wanted to get these charts out asap for those that have already taken or are considering taking a position in USO, /CL, DWT (3x long crude ETN), etc.. The marked levels on the USO 60-minute chart are unadjusted price targets (actual resistance levels) so best to set any sell limit orders slightly below the resistance level(s) you are targeting. Unofficial trade for now.
Crude Oil Break Out
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