Depending on your investment or trading style this may be just an early heads' up, so you're on your own with what you do on this information (if anything at all of course). The exchange-traded fund for oil, USO, reached a potential triangle target as marked on this chart. Now, there can be other ways to interpret the chart from an Elliott Wave perspective. I'm just saying that I think there can be a valid triangle here that completed its small 5th wave target today. If that's the case, then we'd expect to see followthrough with buying on good volumes.
IF traders or investors come in today or soon (some will likely await confirmation with buying volumes coming in as price moves up), then one good place to have a stop loss would be at or just under the low on this chart, which is at 22.74 in the USO exchange-traded fund. (Remember always to use good trade and money management - and as the disclaimers say, this is information and you should always consult your broker for advice.) Here's the chart of USO:
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