Oil has been pretty much doing nothing but going up.
Well, ever since this blunder, oil has been pretty much doing nothing but going up. I’ve tinted the “not in my lifetime” zone.
It’s unfortunate, because it’s making it a lot tougher on me personally. Shorting stocks is a cinch when oil is weak. All the same, I’m having an OK day. What worries me is the prospect of oil getting even stronger still; take a look at USO. If we cross that red line, watch out above.
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