T3 Live on $USO (Oct 26, 2026)
USO is down slightly because the president did not strike Iran on Sunday despite repeated threats. A breakdown from what could be an island top, slamming oil, would be better for the market at some point, but the speaker says it is tough to call now given talk of renewed strikes after the midterms.
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USO USO is down a little bit, you know. Let's see what happens here. This low is what? This is 166. This was 163. Um the reason why the USO is uh down is because um the president did not bomb on Sunday.
He keeps saying, "Oh, we might bomb Iran on Sunday." Oh, we're not. So they call it, what do they call that? The taco. Anyway, I'm not going to get into that. So yeah. So this this is uh what it'd be great if this was an island top like all of a sudden you open below this and they slam oil.
That would be better for the market um at some point. But it's tough to take it's tough to say now because of all the talk how they're going to be you know letting the bombs fly again on um you know after the the midterms and the midterms are are on for a little while.
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