USO is showing a lot of improvement and I suspect we are seeing the larger base take shape. I have to be honest, I feel a little bit of an itchy finger to pull the trigger on USO long and add to the position, but there are honestly a few more charts I'd like t see mature to show a strong reversal process so I'm going to sit back, be patient, maybe miss the opportunity to add, but I think this is the right thing to do, make sure we have the strongest trade before entering any additional risk.
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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