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.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out