Wednesday, January 02, 2008

Oil Makes Multi Year Highs



Above is a chart of the ETF for Crude Oil (USO). AS you can oil was up sharply today making new multi year highs. About a week ago I was bullish on oil based on the 3 1/2month cycle that was due. If you scroll down you will see the chart I posted along with the cycle. Do not short this market.

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