Wednesday, February 16, 2011

United States Oil (USO) Could Break Through $36.34 Resistance Level

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Posted: Wednesday, February 16, 2011 8:54 AM EDT United States Oil (AMEX:USO) closed Tuesday's uneventful trading session at $35.39. In the past year, the ETF has hit a 52-week low of $30.93 and 52-week high of $42.19. USO has been showing support around $34.74 and resistance in the $36.34 range.

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