Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.
Thursday, March 10, 2011
USO Never got the confirmation
Here we go again the USO broke to new high but we never got confirmation. Monday close was below the Fridays high then Tues. tried to run above Fri. high again only to close the day below again. I neutral here because oil has come a long way and needs to rest before going higher.
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