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hungry_hippo

USO (oil) Breakout

United States Oil Fund (AMEX:USO)  
hungry_hippo  
AMEX:USO   United States Oil Fund
Chart Patterns Technical Indicators USO EWZ
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chartpattern indicator uso ewz
Looks to me like oil is breaking out. That's terrible news for the economy and inflation. High oil prices can and will cause a recession, regardless of what Powell does with rates.

Bought EWZ calls today, Brazil trades with oil. Probably could've just bought USO calls, but I like the liquidity in EWZ options.
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