Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price.  I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet.  This implies, the recent strength of Dollar might be short lived?  There is another theme calling commodity run is over. I am not surprised to see these two theories now. Pickin’ top and bottom is just part of human nature.

For a short term trader like me? I am waiting -)

Here is the ….CHART!

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From the desk of Tradergav.com


More on this topic (What's this?)
The Recent Oil Price Rise Will Slow or Stop (Jim Kingsdale's Energy Investmen..., 6/15/09)
Oil Price: Steady Up or Pullback First? (Jim Kingsdale's Energy Investmen..., 7/7/08)
Volume Explosion Seen In Goldman Sachs Commodity Index (Zero Hedge, 6/4/09)
Read more on United States Oil Fund, Commodities, Oil Prices at Wikinvest
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