Monday, February 11, 2008

The most efficient way to play the Oil Futures game



One of the most efficient ways I like to play the Oil futures game, has nothing to do with future contracts at all. It is with Oil focused ETF's like USO. ETF's in my opinion our greatest financial product to be engineered and the past quarter century. They have proliferated as of late and the market is growing an ever increasing appetite for these products. Well, now that I got all that of the way. Tell me what you think of this chart and the oscillation on USO. It doesn't seem to be able to rally above its 10 week high and sustain. This may mean trouble in the week to come or maybe not. What do you think?

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