The same dollar weakness or relative weakness compared to earlier, that is helping USO, should have the same effect on equities.
Monday, April 16, 2012
USO moving on weaker dollar
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.
The same dollar weakness or relative weakness compared to earlier, that is helping USO, should have the same effect on equities.
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