Wednesday, November 30, 2011

USO

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?

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