Wednesday, June 8, 2011

USO-Short

I know a lot of you are looking to fade the move in USO or take profits.

We didn't quite test the high, but there's also been no improvement. As for those who want to fade the move, I think the risk at this particular area is pretty minimal as a stop can be set a fraction of a percent higher then today's highs. TSV is also moving down and is now in the negative.

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