Here are the negative divergences in USO showing it swinging around
If you are nimble, there may be an opportunity here if this is an early reversal of the recent surge upwards.
Monday, October 4, 2010
Opportunity in Oil?
I don't know if this dollar higher is a 1-day deal or the start of something bigger, positive divergences on 15 min charts are pretty serious.
Here are the negative divergences in USO showing it swinging around
1 minute
5-minute
10-minute
15-minute
If you are nimble, there may be an opportunity here if this is an early reversal of the recent surge upwards.
Here are the negative divergences in USO showing it swinging around
If you are nimble, there may be an opportunity here if this is an early reversal of the recent surge upwards.
1 comment:
Just announced that Iraq has 24% more oil reserves than previously forecast and some are estimating that their total figure may more than double. It now is said to have more oil than Iran.
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