Oil rears its ugly head.

090527usoOil has been discovered in the market.  These price movements look anemic, but the trend lines are broken and there’s a smell of petroleum in the air.    A six month formation that could well be a bottom.  Might not be a bad idea to own some.

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This Post Has 2 Comments

  1. bluebuttons

    How would you compare the USO to OIL?

  2. WHC Bassetti

    frankly I’m not certain there is a difference. not in the charts anyway. maybe someone who does that kind of research could tell us. I’d just assumed they were competing ETFs.

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