Another Uptrend in Oil?
Another Upleg in Oil?
By Mike Paulenoff, www.MPTrader.com
By Mike Paulenoff, www.MPTrader.com
The action during the past couple of sessions in the U.S. Oil Trust (AMEX: USO) as well as in crude off of the 9/28 high at 64.25 represents another bullish consolidation within the dominant uptrend rather than a near-term top