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


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Sphere: Related Content

More on this topic (What's this?)
The Every Increasing March of Oil Prices (Blogging the Commodity Bull Market, 8/2/08)
Why Crude Oil Will Present Investors with a Golden Opportunity in 2009 (Money Morning, 12/29/08)
Oil ETF USO Chart - August 8, 2008 (My Trader's Journal, 8/9/08)
Read more on United States Oil Fund, Oil Prices at Wikinvest