USO just saw some unusual volume...
I would think this is connected to a higher dollar after the EUR drop in the last post.
In yesterday's end of day USO post I showed you this short term chart
Which suggested a short term move up, we saw that or the start of that this morning.
Currently intraday, USO is in line with 3C short term, the intermediate term negative divergences remain.
I'm going to try to see what this was about and what else it effected and what it didn't
Is interest rates about to start going up?
-
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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