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OIL..is it over? Yet?

by Gav Leave a Comment

Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price.  I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet.  This implies, the recent strength of Dollar might be short lived?  There is another theme calling commodity run is over. I am not surprised to see these two theories now. Pickin’ top and bottom is just part of human nature.

For a short term trader like me? I am waiting 🙂

Here is the ….CHART!

[photopress:USO.jpg,full,1]

This chart is brought to you by Tradecision

[photopress:spot_oil_daily.gif,full,1]

Filed Under: Trading Journal Tagged With: ETF, FX, OIL, Trading Journal, USO

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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