Tuesday, October 16, 2007

Charts of Bank America, Capital One, Merrill Lynch, Mastercard, Clean Energy, Kinross Gold and USO

The above chart of USO (daily) has met target (65-66) on the inverted head and shoulders I had noted in prior blogs. Oil bulls can enjoy this and ignore the incessant media coverage over will or won't oil hit $100/bbl. $100 will be a major psychological level and more than likely just a rest stop on the onward march upward. to 150 and then possibly 200. Supplies will determine it as demand is insatiable and getting worse.

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