Wednesday, December 19, 2012

ITZ : WTI Crude Oil Update

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WTI Crude Oil is once again testing the $90 level. ITZ has been long crude via Proshares Ultra Crude Oil ETF (UCO). Also tracking the weekly Gold/WTI Ratio (GOR) which has been in long oil signal. Below are 8 hour, daily & weekly futures charts for crude oil.

Using Proshres ETF $UCO, starting with $10,000 & rolling over gains would have netted 450% in 3 years. *Note similarities to last fall, UCO was declining as stochs & RSI declined...we're getting a move in crude sustainable needs to be seen.

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