CRInvestor

Oil is pointing higher but looks tired

BATS:USO   UNITED STATES OIL FUND
80 0 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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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