So far as I can see, USO's pullback which was coming, especially after yesterday when everyone including "I smell a bottom"- Cramer, called a bottom in USO, although they were nothing but bearish before Friday, actually looks pretty orderly.
The name of the game will be to get all of the recent "Bottom callers" to reverse course and call it a blip, I suspect it won't be too long before USO can be entered again as there's still plenty of gas in the tank for a move higher.
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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