NINE REASONS THE PRICE OF OIL WILL GO LOWER $USO $XLE $XOP $OIH
Even after the dramatic fall in oil, in the wake of OPEC not cutting production, oil is likely to go lower in the medium-term. Here are the nine key points that every investor must understand. Take a look at the chart Start by taking a look at the annotated chart of the United States Oil Fund ETF USO. Please click here for the annotated chart of USO. The bottoms are typically marked by heavy volume. Please note on the chart that the volume on this new low so far is only about 30% of the volume on the previous low.