08Aug3:49 pmEST

Hey, Remember Me? Benny Blanco from the Backtest

Into the closing bell, I still have my eye on the $10.80 level above for USO, ETF for crude oil.

Given the bounce we have seen in Black Gold, the first stop is the USO 20-day moving average where we are now. But, after that, if bulls hold serve, the $10.80 level which we have looked at so many times as marking prior support and resistance is likely to be the main event. 

And it is likely to act as a price magnet if bulls prevent the recent gains from evaporating quickly this week. 

More on this in my recap after the bell. 

A Roundabout Way to Get Back Stock Market Recap 08/08/16 ...


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