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Several weeks ago, we pointed out the potential trend reversal that was shaping up in US Crude Oil Fund ($USO), an ETF that tracks the price of crude oil futures. At the time, the trade failed to trigger for buy entry, but it has held up well since then. As mentioned above, a commodity ETF like $USO is not directly affected by the day-to-day volatility of the broad market. Take a look at the weekly chart pattern of $USO.

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