Oil Falters, But It’s Not in Technical Danger…Yet

This article was originally published on ETFTrends.com.

Oil prices are cooling off. For example, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is lower by more than 5% over the past week, but some analysts believe crude is not yet in technical danger. USO recently slumped below its 20- and 50-day moving averages and the [...]

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