When the Price of (USL) Talks, People Listen
December 17, 2024, 18:18 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for USL
- Buy USL near 35.36 target 37.81 stop loss @ 35.26 Details
The technical summary data tells us to buy USL near 35.36 with an upside target of 37.81. This data also tells us to set a stop loss @ 35.26 to protect against excessive loss in case the stock begins to move against the trade. 35.36 is the first level of support below 37.25 , and by rule, any test of support is a buy signal. In this case, support 35.36 would be being tested, so a buy signal would exist.
- Short USL slightly under 37.81, target 35.36, stop loss @ 37.92 Details
The technical summary data is suggesting a short of USL as it gets near 37.81 with a downside target of 35.36. We should have a stop loss in place at 37.92though. 37.81 is the first level of resistance above 37.25, and by rule, any test of resistance is a short signal. In this case, if resistance 37.81 is being tested, so a short signal would exist.
Swing Trading Plans for USL
- Buy USL slightly over 37.81, target 40.1, Stop Loss @ 37.7 Details
If 37.81 begins to break higher, the technical summary data tells us to buy USL just slightly over 37.81, with an upside target of 40.1. The data also tells us to set a stop loss @ 37.7 in case the stock turns against the trade. 37.81 is the first level of resistance above 37.25, and by rule, any break above resistance is a buy signal. In this case, 37.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short USL slightly near 37.81, target 36.95, Stop Loss @ 37.92. Details
The technical summary data is suggesting a short of USL if it tests 37.81 with a downside target of 36.95. We should have a stop loss in place at 37.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for USL
- Buy USL slightly over 37.81, target 40.1, Stop Loss @ 37.72 Details
If 37.81 begins to break higher, the technical summary data tells us to buy USL just slightly over 37.81, with an upside target of 40.1. The data also tells us to set a stop loss @ 37.72 in case the stock turns against the trade. 37.81 is the first level of resistance above 37.25, and by rule, any break above resistance is a buy signal. In this case, 37.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short USL slightly near 37.81, target 37.08, Stop Loss @ 37.9. Details
The technical summary data is suggesting a short of USL if it tests 37.81 with a downside target of 37.08. We should have a stop loss in place at 37.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for United States 12 Month Oil Fund Lp (USL) available here: USL.
USL Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
35.36 |
| P2 |
37.08 |
36.95 |
37.81 |
| P3 |
37.51 |
37.7 |
40.1 |
AI Generated Signals for USL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of United States 12 Month Oil Fund Lp (NYSE: USL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for USL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for USL:
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