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March 17, 2009

Bottom in oil ,bullish for the rest of 2009 : USO,DXO,UCO,DTO.

I posted earlier on USO,DXO,DTO,UCO , OIl prices are building a base for a move higher for the rest of 2009. I think that $23 on USO is likely "THE" bottom for 2009. My target on USO for the end of 2009 is in the $45 area. I thus have a bullish outlook for Oil :  I suggest you buy USO,DXO,UCO on the dips , you sell DTO on strength whenever they occur,and hold on to them for months to come.


USO: United States Oil Fund (Click on link to see details)


USO_001

 

DXO: Powershares DB Crude Oil Double Long (Click on link to see details)

 

DXO_001

 

UCO : Proshares Ultra DJ-AIG Crude Oil (Click on link to see details)

 

UCO_001

 

DTO: Powershares DB Crude Oil Double Short  (Click on link to see details)

 

DTO_001

Posted at 06:38 AM in DTO, UCO, USO |

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  • The opinions expressed on this site are made available for educational and entertainment purposes only. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance.