I saw this video over on Reformed broker. If this is true then Nat Gas companies are gone, Oil Companies are dust (or sand) and utility companies could be dead and buried. It could change everything and start a new era – without many companies from the past era. Definitely worth watching…
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The End of the world as we know it
Update on Oil (USO)
Okay we are back in the bear channel again, with a retest of the trendline. Lets see if it can stay within the channel this time. 5yr and 60 day charts updated…
USO 5year
USO 60 day
Oil (USO) Update
First the chart…
Oil
Okay this is a 15 minute chart of our larger chart (see previous USO post). As you can see on this view we have reentered the bear channel. My best guess for the next major attraction point, on the USO, would be $31.54.
Updated 5 year chart is:
uso 5yr
