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Rant & Rave Blog

Crude Oil Pushes Up Into 2:30 Spot Close...Showing Sentiment And Character Remains The Same

Posted by InTheMoneyStocks.com Sunday, May 10, 2009, 08:00PM ET

Read 245 times

Crude Oil Pushes Up Into 2:30 Spot Close...Showing Sentiment And Character Remains The SameThe USO (Oil Fund) pushed up into the 2:30pm ET close on spot crude.  This has happened for weeks now and shows we are still caught up in the commodity bounce even though many stocks like XOM have pulled back today.  Keep watch in the coming days on the USO up into the 2:30pm ET time frame for a change in character.  It may mean the markets are set to fall or pullback more.


RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.

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