USOil has reached the level that I have been saying for weeks which is 45.00. The reason why I was watching this level is because of a very strong which start in 1998. However, this does not mean I am long or looking to buy, but its an important level to watch very closely!
The reason I dont want to be a strong buyer is because of the problems in Europe and Japan. Do I want to be against this fundamental issues? NO. So lets see what happens.