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USO Breakout & Long Entry

USO (crude oil ETP) offers an objective long entry on this breakout above the triangle consolidation pattern that formed over the last month. Price targets are listed on this 60-minute chart & I will try to communicate my preference as to my preferred price target as/if this trade begins to pan out. Suggested stops using a 3:1 R/R to one's preferred price target.

USO 60 minute Oct 1st

USO 60 minute Oct 1st

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Oct 1, 2015 9:38am|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on USO Breakout & Long Entry