USO sits in the penetration zone, a positive technical sign; oil strength reads 98 and buying demand continues, which is very good.
Bullish
“Stock Market Turns RED: AI Stocks Slide—Where’s the Strength? | Market Pulse”
Cash Flow Machine | Mark Yegge | Wealth ArchitectPublished Oct 23 · 1 passage
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Let me show you, if you want to trade oil, this is "USO". This is the oil box. It is actually in the penetration zone. So, this is a positive sign. Oil's performance strength is at 98, and it continues to receive buying demand, which is very good.