High Octane Fuel in the Face of a Domineering Dollar

awesome_pictures_1

Even with a strong Dollar late this week, as you can see on the intraday chart of USO, ETF for crude, oil is staging an impressive upside reversal today.

Headed into the summer months, I am on watch to see if crude can finally break out from what has become a very tight five-year consolidation, even in the face of Dollar strength.

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USO

4 Responses to “High Octane Fuel in the Face of a Domineering Dollar”

  1. So you are saying….this oil impala….will run over shorts……

  2. noticed the same…head scratch since I am long UUP calls for Sep and some index shorts hedged with UCO June spreads…trying to figure out if both bets can pay off simultaneously??

  3. That plate/frame is awesome.

Comments are closed.
Previous Posts by chessNwine

High Octane Fuel in the Face of a Domineering Dollar

awesome_pictures_1

Even with a strong Dollar late this week, as you can see on the intraday chart of USO, ETF for crude, oil is staging an impressive upside reversal today.

Headed into the summer months, I am on watch to see if crude can finally break out from what has become a very tight five-year consolidation, even in the face of Dollar strength.

____________________________________

USO

4 Responses to “High Octane Fuel in the Face of a Domineering Dollar”

  1. So you are saying….this oil impala….will run over shorts……

  2. noticed the same…head scratch since I am long UUP calls for Sep and some index shorts hedged with UCO June spreads…trying to figure out if both bets can pay off simultaneously??

  3. That plate/frame is awesome.

Comments are closed.