CRInvestor

USO 120m Chart with analysis heading into seasonal top

BATS:USO   UNITED STATES OIL FUND LP
149 views
0
Oil investors have enjoyed a nice rally through the summer of 2013. While we may have not seen the absolute highs, price seems a little heavy as we head into typically a seasonally tough time of year. While Oil fundamentals may remain relatively good (or even improve) considerable macro-economic risk is shortly on the way out of Washington. Additionally, the idea of ending QE programs seems to be gaining inertia too. Put it all together and I wouldn't be surprised to see a healthy correction begin in earnest once we are on the other side of the German elections (September, 12th).

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out