United States Oil Fund
United States Oil Fund chart
United States Oil Fund market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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United States Oil Fund details
The United States Oil Fund (USO) is an exchange traded fund (ETF) that gives investors exposure to US oil – primarily WTI crude (US Crude) futures, although it may invest in other related contracts as well. Shares in the fund trade on the NYSE Arca.
USO aims to track the price of near-month WTI futures contracts, which trade on the NYMEX.
WTI is the world’s second most-traded oil benchmark, after Brent Crude (UK Crude), and consists of a light-sweet oil that is delivered to Cushing, Oklahoma.
With FOREX.com, you can trade USO as a CFD.
| Margin from | 20.0 % |
| Min trade size | 7 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 |
| Guaranteed order minimum | 10 |
Spreads
| Spreads from | 0.0 Points |
Margins
| 0 - 8,800 | 20.0 % |
| 8,800 - 23,474 | 30.0 % |
| 23,474 - 58,600 | 50.0 % |
| 58,600 + | 75.0 % |
Dealing
| Spreads from | 0.0 Points |
Margins
| 0 - 8,800 | 20.0 % |
| 8,800 - 23,474 | 30.0 % |
| 23,474 - 58,600 | 50.0 % |
| 58,600 + | 75.0 % |
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