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 [...]