The USO Intermediate Term Trend Model has just generated a Buy Signal on its 2-Day Intermediate Term Chart. Also noteworthy is that it is breaking out of a double top formation. Based on over a decade of price patterns, a combination of a Buy Signal and a double top breakout creates a high probability trade to the upside. The odds strongly favor a +20% move before March expiration, pricing USO >$70. To guard against a fake out break out, let's require a close above $59.50 before triggering this trade. USO 2-Day Intermediate Term Trend Model Above: Note how well the 2-Day trend model buy signals are working to provide entry into the bull trend. Below: A close up of the breakout in the making on the daily chart. Intermediate Term Buy Signal: USO on a close above $59.50 (currently $58.95) Option: Mar 18th $62C (1.95-2.05) USO Target: $70+ Call Target: $10+ Stop: 50%
