USO goes negative right at a head fake at the gap fill.
USO 2 min
This is holding XLE back today at a .75% loss.
This is a pretty significant short term change for USO.
This opens the door to a downside gap fill move and with the Euro not providing support, it makes it worse.
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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