USO has gapped up to 2+% this morning since we identified accumulation and called a reversal Tuesday as USO hit our expected downside target. The move thus far looks solid.
The move since our reversal call
This morning's gap is confirmed
In the white box you can see accumulation, this was the reversal call day.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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