CRInvestor

USO 120m Chart with analysis heading into seasonal top

BATS:USO   UNITED STATES OIL FUND
135 views
0
135 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).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out