USO oil is down in pre-market trading with $190M in dark pool prints over 30 days. Key levels: bullish if it holds above $129.20 with targets at $130.17 and $132.28; bearish break below $127.40 targets $123.17 and $120.
Chapters
Okay, USO largest trades here in the last 30 days. You can see this accumulation. Well, it looks like it was accumulation. We had this massive prints here, $100K. These— this one gets smaller numbers that actually moves it. You can see here upthrusted, pulled back through these prints, then massive green candle, and we just continued up. And then on Friday, let's see, what's that, the 24th, $129K here for Thursday. And then we've Just this is the pre-market, so we've dumped a bit here. So let's see what actually happens if we can come down to this 124 level or down to 119, whatever time frame that actually works out to be. If we close above these prints here, then potentially move higher. So let's map this out. We're going to be bullish above 129.20. Let's get above this range right here. Target 129.50, 130.173 is S2, 32.28 is this 200K. So we've got a pivot, a cam, and some prints here. And then look at this. Within 4 cents, we've got a cam and another 150K. So this is overhead resistance. Let's see what actually happens there. On the downside, we're going to be bearish below 127.40. This is being support right now as S3. So go to the 20-cent level, target 127, 126, 125. 123.17 is this S4, 122, then 120. We've got this 400K down here, 1942, 1890. So these are really close together. And then we've got this S5 here. As support around there.
