TECHNICALS-USO

The USO, or the US oil fund, which tracks the price of crude oil is coming back to the recent lows in the $65 area (which translates to approximately $69 on the crude map) where there is significant support. I see this as a good longer term buy and if there is some renewed saber rattling from Iran over the next few days as we get closer to the deadline, it could also be a good short term trade. I am taking a shot here and may also dip back into XLE VLO OIH XTO and PXD.