We didn't get a huge bounce in USO, but there are some early signs that it may be ready to turn.
There's the bounce I mentioned earlier.
Here's the 1 min chart starting to turn. I might wait a little bit unless you ran a tight stop, just to make sure this isn't a pause/consolidation. I'll keep an eye on it as I know a few people want to trade it.
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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