Posted by dylan398 on 24th of Dec 2008 at 02:19 pm
It is kind of odd to see such a HUGE percentage wise drop over
the last 2 days with hardly anyone around......I expect this is a
little overdone in the short term and has alot to do with that 10
dollar spread that was in the contango....Oil went up from 33 to 43
while USO stayed pat......creating an awesome shorting opp. in
hindsight
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
It is kind of odd
DXO chart
Posted by dylan398 on 24th of Dec 2008 at 02:19 pm
It is kind of odd to see such a HUGE percentage wise drop over the last 2 days with hardly anyone around......I expect this is a little overdone in the short term and has alot to do with that 10 dollar spread that was in the contango....Oil went up from 33 to 43 while USO stayed pat......creating an awesome shorting opp. in hindsight