Crude Oil Weekly Chart
Looks like crude oil is bulding a base at around the 50.00 level. I am anticipating a rally when it can break USD55.00.
DXO: This is the first time I'm not playing options. I just can't find any strong trend (up or down) that allows me to play options. So, I have decided to buy DXO instead. The price is options-like and I am comfortable with my position. DXO has been flatlined sinced Nov 2008. Resistance: 3.20/4.00/5.00.
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