(USL) Long-term investment analysis

July 5, 2024, 6:10 a.m. ET, BY Jolene W. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for USL

• Buy USL just above 39.37, target 41.63 Stop loss at 39.26 details

The technical summary data tells us to buy USL at 39.37 with an upside target of 41.63. This data also tells us to set a stop loss at 39.26 to protect ourselves from excessive losses in case the stock starts moving against the trade. 39.37 is the first support level below 41.36 and any test of the support level is usually a buy signal. In this case, the support at 39.37 is tested, a buy signal would be present.

• Short USL just below 41.63, target 39.37, stop loss at 41.75 details

The technical summary data suggests a short of USL as it approaches 41.63, with a downside target of 39.37. However, we should place a stop loss at 41.75. 41.63 is the first resistance level above 41.36, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 41.63 resistance is tested.

Swing Trading Plans for USL

• Buy USL just above 41.63, target nz, stop loss at 41.51 details

If 41.63 starts to rise, the technical summary data tells us to buy USL just above 41.63, with an upside target of $n/a. The data also tells us to set a stop loss at 41.51 in case the stock turns against the trade. 41.63 is the first resistance level above 41.36, and any break above resistance is usually a buy signal. In this case, 41.63, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short USL close to 41.63, target 40.96, stop loss at 41.75. details

The technical summary data suggests a short of USL if 41.63 is tested with a downside target of 40.96. However, we should place a stop loss at 41.75 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 41.63 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for USL

• Buy USL just above 41.64, target nz, stop loss at 41.54 details

If 41.64 starts to rise, the technical summary data tells us to buy USL just above 41.64, with an upside target of $n/a. The data also tells us to set a stop loss at 41.54 in case the stock turns against the trade. 41.64 is the first resistance level above 41.36, and any break above resistance is usually a buy signal. In this case, 41.64, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short USL close to 41.64, target 41.22, stop loss at 41.74. details

The technical summary data suggests a short of USL if 41.64 is tested with a downside target of 41.22. However, we should place a stop loss at 41.74 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 41.64 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for United States 12 Months Oil Fund Lp (USL) available here: USL.

USL Ratings for July 5:

AI-generated signals for USL

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Technically, United States 12 Months Oil Fund Lp (NYSE: USL) offers opportunities for traders who monitor the stock’s price fluctuations over time.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for USL change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when USL tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or sell, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for USL. All of these are offered below the summary table.