Page 1 of 2 12 LastLast
Results 1 to 12 of 23

Thread: USO United States Oil

  1. #1
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Talking USO United States Oil

    Looking to buy. Major oil fields production declining and no new major field are being found. Demand continues to increase, storm season around the corner, and refineries are at capacity. We, the U.S., are addicted to our independents and motor vehicles. China is growing and trying to become like us, independent and prosperous. Iran............need I say more.

    Looking to buy some tomorrow and ladder down if it continues down.

    Three year chart.

    Six month chart.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."


  2.  
  3. #2
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Talking Re: USO United States Oil

    Profile from Yahoo.

    The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil. The fund is nondiversified.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  4.  
  5. #3
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    Did not get to buy my oil today, but I will get some soon. If the Fed Minutes are inflationary I would not know what direction oil would go. I would think down. If the market takes a hit "all ships rise and fall with the sea".

    Me likes Suncor too. SU for u home gamers. Nice channel and they are coming to the top of it.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  6.  
  7. #4
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    Put in a limit order today. I doubt I get it @ $50 with the oil report coming out today, but what the heck.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  8.  
  9. #5
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    I'm such a cheapskate. Now I will have to chase it.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  10.  
  11. #6
    Bullitt's Avatar
    Bullitt is offline Club TSP Reputation: 2334
    Likes received: 70
    Likes given: 14
    AutoTracker

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    1,922
    Blog Entries
    44

    Default Re: USO United States Oil

    USO just broke thru 200 DMA today. Prior three days have had up days on high volume. Could be a good entry point. USO is tough though, doesn't that basically track the price of a barrel of oil? One would think that the price of oil should have an inevitable upside.

    Ever take a look at OIH or PXJ?

  12.  
  13. #7
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    Hey Bullit,

    Yes and no on the tracking oil. It has other assets, but does OK. Yes I think oil has an upside until they come up with a practical alternative or bird flu kills off 7/8 of the population. Not funny, but I'm in a strange mood.

    I'll hold this one for a bit until I find something else. My favorite is SU and I was watching HNR, but I'm a day late.

    From Yahoo:

    The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil. The fund is nondiversified.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  14.  
  15. #8
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    Still holding USO. I'm up 10.5% from my two purchases. Chart still looks strong and demand is not declining. Go Ethanol.............. BAHAA HAAA! You can't grow enough corn to put a dent in the demand coming.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  16.  
  17. #9
    Bullitt's Avatar
    Bullitt is offline Club TSP Reputation: 2334
    Likes received: 70
    Likes given: 14
    AutoTracker

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    1,922
    Blog Entries
    44

    Default Re: USO United States Oil

    Besides, even if they could produce enough ethanol, it still needs to transported from A to B. Trains and 18 Wheelers don't run on ethanol...

    Just checked the chart, maybe I should have taken my own advice about getting in on 6/18. If it goes above 55, it's gone. No overhead resistance past 55 for a while.


  18.  
  19. #10
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  20.  
  21. #11
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    What a one day recovery! Bounced right off of the 20 day SMA. I was getting a bit nervous.

    http://stockcharts.com/h-sc/ui?s=USO...d=p51972347693
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  22.  
  23. #12
    Show-me's Avatar
    Show-me is offline TSP Guru Reputation: 4742
    Likes received: 123
    Likes given: 98
    AutoTracker

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,618

    Default Re: USO United States Oil

    One position is +15%% the other is +19.5%. Anybody think oil is going to get cheaper?
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  24.  
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C fund)
[Chart]
1d  5d  3m  6m  1y  2y
Dow Completion (S fund)
[Chart]
1d  5d  3m  6m 
EFA (I fund)
[Chart]
1d  5d  3m  6m  1y  2y
Bonds (F fund)
[Chart]
1d  5d  3m  6m  1y  2y