USO is forming a very bullish and perfect Head And Shoulder chart pattern. It has stayed above its 50 Day Moving Average 10.80 for the 5th day already and it looks ready to challenge neckline 11.5, when that happens it likely will go up and challenge the 200 Day Moving Average 13.37 level. USO support is 10.80, resistances are 11.5, 12.3 then 13.37. It may be a good idea to buy and get ready for the breakout.
Background News：
The United States signaled on Thursday it may impose sanctions on Venezuelan exports after recognizing opposition leader Juan Guaido as interim president this week, prompting President Nicholas Maduro to cut ties with Washington. Oil price rises but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment.
Separately, Goldman Sachs head of commodities research David Currie said there's "significant upside" ahead for crude oil, believing Brent crude likely will "overshoot" his $67.50/bbl price target this year. Among bullish factors Currie cites: China imports were still up 30% Y/Y in December, supply is still coming off the market from OPEC and non-OPEC oil producing countries, global demand remains at least benign if not robust, and most recent economic data shows that what people think will happen is more negative than the hard data would suggest. In addition, sentiment in the midstream sector has bottomed after deteriorating last year, according to Goldman analysts led by Jerren Holder.
美国石油基金（USO 11.30 +1.16）
USO正在形成一个非常看好和完美的头肩底图表模式。 它已经连续第五天保持在50日移动平均线10.80以上，看起来准备挑战颈线水平11.5，之后可能会继续上升并挑战200日移动平均线13.37水平。 USO支撑位是10.80，阻力位是11.5, 12.3然后是13.37。 买入并为突破做好准备可能是个好主意。
背景消息：
美国周四表示可能会对委内瑞拉出口实施制裁。本周早些时候美国承认反对党领袖胡安瓜伊多为临时总统，促使总统尼古拉斯·马杜罗与华盛顿断绝关系。 油价今天因而上涨，但对美国燃料库存激增和全球经济困境的担忧打压市场情绪而上升不多。
另外，昨日高盛（Goldman Sachs）大宗商品研究主管大卫•柯里（David Currie）表示原油价格“有显着上行空间”，相信布伦特原油价格可能“超过”今年67.50美元/桶的价格目标。 Currie引用的利好因素包括：12月份中国进口量同比增长30％，石油输出国组织和非欧佩克产油国供应依然从市场上消失，全球需求至少保持良好，尽管不是强劲，但最近的经济数据表明人们认为会发生的事情比硬数据所暗示的更负面。 此外，根据杰伦霍尔德领导的高盛分析师的说法，去年中游行业的情绪已经因走低而见底。
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