Friday, March 18, 2011

Going Long Crude Oil- Proshares UCO

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ITZ suggests going long WTI Crude Oil here via Proshares Ultra DJ-AIG Crude Oil ETF (UCO) under $52. Currently trading $51.50. Chart Set STOP @ $50 Oil to say the least is moving on minute by minute news events, Libya, Bahrain, Japan. Current chart indicates taking a long position, most likely we'll see oil trend over $100 a barrel, currently futures show oil just above that level. Link

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