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Pullback Over in Oil Prices?
By Mike Paulenoff | Published  06/6/2006 | Futures , Stocks | Unrated
Pullback Over in Oil Prices?

 

My near-term work argues that oil prices and the USO have ended, or nearly ended, the pullback off of yesterday's high at 69.78, ahead of another potent rally effort that challenges the 71 resistance plateau (basis the USO).



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.