Discussion in 'Trading' started by stock_trad3r, Jun 26, 2008.
Whoaa.didn't see that happen..just snuck up on me
checked USO and it was at a new high
august targeting 142.15 and then 145.57...and then 149.80..
we shouldn't close above 150...
Could happen as early as next week...
Kinda like the down trend in equities?
You should have realized that when the dow was touching intraday lows oil was touching intraday highs and from now on as long as oil is making new highs the markets will be seeing fresh 52 week lows. The turning point has finally arrived, took sometime but oil above $100 a barrel is the tipping point for this economy.
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