The USO, which is the United States Oil Fund, is getting crushed today as Oil nears $95 dollars a barrel. The current price of the USO is at $76.50. Having strong support around the $75-$77 level....this could be a great opportunity to step into the oil trade and buy some USO. The Fed looks like they will cut interest rates tomorrow as well.
Just something to think about.....
Showing posts with label weak dollar. Show all posts
Showing posts with label weak dollar. Show all posts
Monday, September 15, 2008
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