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I charted the large oil ETF, USO, this afternoon when it was trading at $35.75.  For about a month and a half USO moved along in a nice orderly trading channel with a downward tilt.  Last week it broke through …

I charted SPY at 9:56 am on July 30, 2009 when it was trading at $99.24.  I’d love to jump into this rally, but the line of resistance from the trend line of higher highs looks menacing.  It looks like …

I charted the large Oil ETF, USO, at 2:48 pm on July 29, 2009 while USO was trading at $33.56.  USO gapped down this morning to open just below $35.00 and has drifted down from there throughout the day.  Once …

I charted USO before the markets opened on 7/20/09.  On Friday it closed at $34.24 and is up in premarket trading.  USO looks to have more upside potential than downside risk from here.  It found support on its long trend …

I charted United States Oil Fund LP (NYSE: USO) at 12:23pm when it last traded at $33.95.  While a lot of bearish news has caused a solid pull back in USO, it could be nearing support around this level just below …

I charted United States Oil Fund LP (NYSE Arca:USO) at 9:48 am while USO was trading at $59.48. 

USO is at the top end of its trading channel near its trend line of higher highs
The 200 day moving average didn’t make …

I charted the large Oil ETF, USO, on April 28, 2009 while it was trading at 27.78 a little after 1:00 pm. 

USO hit resistance two days at its trend line of lower highs
USO has not traded above its 20 day moving average for …