Tuesday, June 09, 2009

Crude Oil - Update



USO rallied today and is approaching its first level of resistance. I'm looking for USO to trade into the low 40's but will not hesitate to take profits if the market stalls at this first level of resistance.

1 comment:

Tim said...

USO broke through your first resistance point. Where to you see the next points being? What should we look for for oil to break into the $80-$85 dollar a barrel range?

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