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March 05, 2009

Technical analysis on Oil ETF's : USO,UCO,DTO,DXO.

Basing pattern in Oil ETF's leading to bullish reversal ? Selling pressure in USO has been abating. Hopefully we can build a base for USO around these levels ($25) for some bullish action in Oil for the remainder of 2009. My most optimistic target for USO in 2009 is $45...

United States Oil fund :

USO1

Proshares Ultra Crude Oil :

UCO_001

Double long Oil :

DXO_001

    Double short Oil :

DTO1

Posted at 05:27 AM in DTO, UCO, USO |

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