Posted by goldenstate on 23rd of Aug 2010 at 12:09 pm
I'm also watching RIG and ERX which are a lot stronger today
than UCO. You can hope that the attached screen shot of UCO 15 min
plays out. If so then we just saw a short term bottom. The 30 min
chart and 60 still look pretty negative but there's a bit of hope
right here.
Is anybody tracking crude oil (USO / UCO)?
Posted by flmaia on 23rd of Aug 2010 at 11:45 am
UCO 15 min
Posted by goldenstate on 23rd of Aug 2010 at 12:09 pm
I'm also watching RIG and ERX which are a lot stronger today than UCO. You can hope that the attached screen shot of UCO 15 min plays out. If so then we just saw a short term bottom. The 30 min chart and 60 still look pretty negative but there's a bit of hope right here.
Thanks
Posted by flmaia on 23rd of Aug 2010 at 12:25 pm
What I am seeing is a very short term bounce, considering the macd pos div (15 min)