Here's another interesting retracement of 62%
USO 5 min negative divergence.
USO 62% retrace from the highs, it looks like it found some support right there and bounced, but what comes next.
Am I missing something in the news? Gap filling? It seems a bit early for that as the knee jerk reaction would be to bid up commodities or is the half life of interventions speeding up?
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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