chartwatchers
Long

OIL - possible breakout today

FX:USOIL   Crude Oil (WTI)
293 0 11
Yesterday ERX (This fund seeks daily investment results of 300% of the performance of the Energy Select Sector Index .) was down -2.75% while oil             was up.

I think there was an artificial move in the oil             shares yestersay, so possibly BigMoney was positioning yesterday in oil             shares while small investors were selling. They just simply pushed down the price and small investors were selling their shares...
Today ERX and some oil             shares will open with a gap, if oil             could break out also a lot of people would left behind when oil             price is running to 40$ ...

As you see on the chart oil             and ERX usually moving together. Yesterday was different , and today oil             is up....
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