UCO is still moving well, oil must really have been ready for a move, especially with geo-political events (Turkey/Syria), you don't usually see moves like this on a stronger dollar.
UCO powered right through what is usually resistance at the gap. Considering the size of the base, I'd think UCO has a lot more upside in the day and perhaps weeks to come. I'm thinking $35-$36
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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