Earlier today I added some USO $38 calls on the break of support this a.m.,
USO has moved back above the former resistance trendline broken earlier today.
The 2 min chart is confirming with a leading positive divergence.
The 5 min chart is really why I added.
The same dollar weakness or relative weakness compared to earlier, that is helping USO, should have the same effect on equities.
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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