Disclosure: I own DXO, USO calls and my gas tank is full.
Saturday, January 10, 2009
Saturday Rock Blogging: Unchained Melody or Oil Inverted Head & Shoulders
Disclosure: I own DXO, USO calls and my gas tank is full.
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Looks like the technical support showing up in the chart is manifesting it's self fundamentally by an escalation of the mid east conflict:
http://news.yahoo.com/s/ap/20090110/ap_on_re_mi_ea/ml_israel_palestinians
If things don't get resolved by Monday morning I'd guess oil pops pretty good.
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