I'd like to see a little more improvement and then I will likely look in to some July calls. There are several long ETFs and leveraged ETFs for oil as well like USO and UCO
Wednesday, May 30, 2012
USO Update
USO is continuing to loo better.
The 1 min leading positive made another even stronger divergence at the 12:30 lows
That strength i migrating to the longer term charts where it wasn't before, note the divergence is stronger at the 12:30 low
USO 3 min, again the divergence is stronger at the 12:20 low.
I'd like to see a little more improvement and then I will likely look in to some July calls. There are several long ETFs and leveraged ETFs for oil as well like USO and UCO
I'd like to see a little more improvement and then I will likely look in to some July calls. There are several long ETFs and leveraged ETFs for oil as well like USO and UCO
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