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.
Thursday, March 19, 2009
Subscribe to:
Post Comments (Atom)
DISCLAIMER
This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
Kevin,
Does UGA lead USA in a similar frashion as you use platinum for gold?
Thanks, Joe
USA? I think you mean USO... UGA and USO move the same way...at different times one may lead the other.
Post a Comment