CRInvestor

Oil is pointing higher but looks tired

BATS:USO   United States Oil Fund
0
Crude oil prices (as measured here by the ETF - USO) have been on quite a bullish tear through the first half of Q3'13. Longer term models suggest substantially higher prices could very well be in the works. However, the most recent move higher came on a very poor momentum reading. Indeed, the enter move higher over the past week further confirmed a bearish momentum divergence. While I do want to be long energy, I am going to cool my bullish enthusiasm until momentum can clean itself up a bit.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.