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Oil ETFs near end of rise?

Posted on 09 January 2013

Oil ETFs continued to rise slightly today, however oil ETFs’ latest bullish swing may soon be over. The West Texas Intermediate Crude oil price per barrel dropped .12% to close at $93.16, while the United States Oil Fund ETF gained .12%. The United States 12 Month Oil Fund ETF performed similarly with a .22% rise.
So, are oil ETFs’ temporary rise soon to be over? According the RSI of NYSEARCA:USO, NYSEARCA:USO’s rise just might be over………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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