For you day traders, there may be an opportunity to fade a little bit of the USO move today-I'd certainly use something leveraged as there's not a whole lot to retrace.
5 years ago
Thursday, June 9, 2011
USO Update
USO has been a bit disappointing, XLE definitely looks better.
For you day traders, there may be an opportunity to fade a little bit of the USO move today-I'd certainly use something leveraged as there's not a whole lot to retrace.
This is the 1 min chart over the last 3 days, NO CONFIRMATION!
For you day traders, there may be an opportunity to fade a little bit of the USO move today-I'd certainly use something leveraged as there's not a whole lot to retrace.
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