United States Oil Fund (USO) - 21st September 2023 | @ 78 Days

'B' class signal detected in United States Oil Fund (USO). Running at an average wavelength of 78 days over 9 iterations since October 2021. Currently peaking.

Instrument Summary

The United States Oil Fund is an ETF designed to mirror the performance of West Texas Intermediate Light Sweet Crude Oil prices. Unlike an exchange-traded note, USO provides ownership stakes in the bundled assets it holds. USO primarily allocates its investments into oil futures contracts traded on regulated futures exchanges.