
ALLW
Options$Pro Ultrshrt Crude Oil(SCO.US)
It's worth watching recently. USO hit a high of 140.00. Such a precise, round number could indicate a near-term peak. Moreover, the 2x short ETF has seen increased volume, but it's unclear whether it's retail noise or institutional hedging. Unlike before, when a sudden surge in volume from leveraged short funds at low points during a one-sided rally signaled a turning point, the current situation might be mixed with noise, making it hard to discern. However, it's worth keeping an eye on.
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