Profiting From ‘War and Peace’: Long and Short Sellers Target US Oil Fund
USO has been stuck in a trading range, and both bullish and bearish investors are repeatedly profiting by trading the swings.
USO, an oil fund, keeps moving up and down in a pattern, so traders on both sides are making money from those swings. When you see an investment bouncing around in the same range, it means people haven't decided if it's going higher or lower yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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