Tag Archives: USO
USO & DIG Oil ETF’s….OIL
A close today above 35.88 puts in an outside reversal day to the upside. If the equity indices are going to remain firm, this will be a place to look. Also, Dig now starts to look interesting again. Support is … Continue reading
JJG…Wheat…Oil & Metals
A close today for the July Wheat above 6.74 will have us buy a 50% position back in this ETF…There are several reasons for getting back in. 1) The risk on scenario, 2) The chart pattern is similar to the … Continue reading
USO…OIH…Crude
Those looking for a low risk buying opportunity today should focus on the oil ETF’s. USO, has a potential double bottom on the weekly charts forming, with 36 seemingly the downside risk. OIH..the 200 day is app. 140.80, has the … Continue reading