Oil 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.
Oil rears its ugly head.
- Post author:WHC Bassetti
- Post published:May 27, 2009
- Post category:Letters
- Post comments:2 Comments
This Post Has 2 Comments
How would you compare the USO to OIL?
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.