Wednesday, April 7, 2010

Oil's Well

The oil ETF is on track for an evening star candle. But with light volume so far today on the decline and good momentum in the MACD, I say you are going to get a second chance to get into this market. As I wrote in Barron's Online March 8, crude oil is going to $100.
Oil Can Top $100 a Barrel Soon Enough

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