Receive Our Free Email Newsletters*:

Email

Mike's Mid-Day Minute
Mid-session technical market analysis by Mike Paulenoff of our MPTrader service.

Weekly Wizards
Weekly market insights and trading ideas from our AdviceTrade gurus, including Harry Boxer and Mike Paulenoff.

Links

Tue November 4th 2008
Oil Chart Bullish
by Mike Paulenoff, www.MPTrader.comOil Chart Bullish
By Mike Paulenoff, www.MPTrader.com

Let's notice the rounded bottom in the U.S. Oil Fund ETF (AMEX: USO), carved out since Oct 21, and though it represents a relatively minor base pattern, it should propel the USO into the 60.00-62.00 area in the upcoming days. Only a sudden downside reversal and plunge beneath 52.00 will wreck the developing pattern.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his ETF Trading Diary.

Share Our Content:

Tell a Friend About Us