Crude Oil - Cup & Handle? And USO.. wtf?

Discussion in 'Trading' started by drukes1234, Sep 12, 2007.

  1. drukes1234

    drukes1234

    I have 2 questions.... looking at a one year chart of Crude Oil.. do we have a Cup and Handle breakout here?

    Secondly, why with crude taking out 06 highs, is the USO not even close to it's 06 highs?
     
    #1     Sep 12, 2007
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  2. Daal

    Daal

    2-contango
     
    #2     Sep 12, 2007
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