Wednesday, September 28, 2011

Quick Update on USO

This is a quick request...

Everything -the market and USO is down right now on a weak Euro/Strong dollar.

 The USO 1 min chart doesn't look bad at all,
 The longer term 30 min also looks good, it's a matter of the Euro finding support.

 Here's the Euro, note it has been falling in correlation with the market and crude, but it is also very close to a support area.

It looks like the Euro will find some support soon.

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