The crude oil markets are jittery after yesterdays OPEC shock. Economic data released today could spark the next major move. The market must weigh the possibility of a slower economy thus less demand against that of supply disruptions. We could see the USO trade back and forth between 70 and 75. I will try to place stops so as to exit one side of the trade or the other as the next move reveals itself. Wait for the alert.
http://africa.reuters.com/wire/news/usnBAN722624.html
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