CRInvestor

Oil is pointing higher but looks tired

BATS:USO   United States Oil Fund
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.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.