Thursday, March 19, 2009

Gasoline Breaks Out



Oil was up again today with crude oil making a new high for the year. Above is the ETF for gasoline (UGA) and as you can see this ETF made a 16 week high on very good volume. I think gasoline will lead the oil complex higher.

Posted by Kevin

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2 comments:

Anonymous said...

Kevin,

Does UGA lead USA in a similar frashion as you use platinum for gold?

Thanks, Joe

5:46 PM
Kevin said...

USA? I think you mean USO... UGA and USO move the same way...at different times one may lead the other.

6:56 PM

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