Tuesday, October 9, 2012

UCO

 UCO/USO'S BASE...

 UCO this morning moving up despite what has been a strong dollar overnight and during regular hours.

 UCO filling the gap, it is actually gaining upside momentum in the gap.

 There's nearly perfect intraday confirmation on the move higher, now up +3.56% since yesterday's close.

And the leading 10 min divergence that has been so attractive in UCO/USO.

I'll keep this long position open for now and I suspect a while longer

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