Maybe USO's early weakness is a bit interesting, there's pressure on Obama to release crude from the Strategic Reserves, but somehow I don't think that is what is behind this.
Monday, February 27, 2012
No Surprises Yet
The early trade is not surprising given the market's propensity to try to fill all gaps, the bounce off the opening lows comes with a bounce in the Euro.
2 min SPY
EUR/USD
Maybe USO's early weakness is a bit interesting, there's pressure on Obama to release crude from the Strategic Reserves, but somehow I don't think that is what is behind this.
Maybe USO's early weakness is a bit interesting, there's pressure on Obama to release crude from the Strategic Reserves, but somehow I don't think that is what is behind this.
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