Friday, June 29, 2012

Crude Oil follow up from an earlier post

Crude oil rallied 7 points today!  remember my post from earlier this week on Monday, I said that my thoughts were that crude oil was in a bottoming process, huge rally today up over $7.  The positive divergence finally played out.

Also see the USO chart, which is the crude oil ETF, notice that it rebounded right off support

Here's my post from Monday click here:  

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