JenRz

USO Long Next week Tgt $90-95

Long
JenRz Updated   
BATS:USO   United States Oil Fund
This grabbed my attention because I had a notification in my calendar for today with the stock FTI possibly scheduled for a move up. It's some oil stock my dowsing chose in November along with the stock TTI, but I'm not doing an idea on that one. I did do FTI.

So to confirm bullish in FTI, I check USO and it's very consistently bullish. I feel really good about this and the opportunity rating is a 9 from 0-10 scale.

I suspect USO could be down Monday morning in which case you want to buy it and we're looking to be long into March 16th or so (ugh I see it's a saturday) so let's say the 15th.
It may get into the 66-67 zone, but big picture, the main idea I believe is to buy it on Monday morning.
I left my old higher targets on the chart for the idea from back in November. It did give a date of March even back then, so that's consistent.
The first target today my pendulum went to was around $93, but I'm doing something new, which is asking for the most capitally efficient profit target, which gives around $90.
Another reason I'm kind of pumped about this is that I totally nailed the last high on USO (even though I don't think I noted it in my idea). So It gives me some confidence lightning can strike twice!
Comment:
Was down 5% Monday morning and moving up from there. Very nice.
Comment:
Today is a date on USO and dowsing says it's a swing low and still likes it long and the energy sector as a whole.
Comment:
The day I did this little update, I asked for a target for a low and got $65-66. The low was 66.xx and from there it's been unstoppable. The big reason I'm updating is because on that date of the 30th, guidance suggested to get the number of points up and it was 20!
It really seems like this is happening and I want to give a heads up around the $86 price.

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