Friday, April 8, 2011

Gaza tensions rise, Oil Follows

Here's yesterday's USO analysis centered on the Israeli effect.

Here's USO

If i'm long USO, I'm heavily leaning toward holding over the weekend as the likelihood of rising tensions is very high. In yesterday's article linked above, I mentioned how Oil responds most dramatically to events in Israel/Palestine, even more so then the MENA mess. I'd expect USO to put in additional gains today to discount the situation there.

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