Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, April 13, 2016

USO December Support Level Becomes Resistance

The USO continues yesterday's late afternoon reversal downward while this morning Saudi Arabia's oil minister Ali al-Naimi threw water on the hopes of oil producers taking action in regards to crude output at the Sunday meeting in Doha.

He was asked this morning about the possibility of this action happening and said " forget about this topic".

Trade well my friends


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