USO break down around the corner?

I'm watching this chart very closely.  I think the trend continues lower but I'm going to wait for now.

A break of the ascending trend line will be my trigger but I'm also watching some indicators for clues.


http://seaofopportunity.blogspot.com/

 *Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!

 No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Why Water Will Never Be the Next Oil

I read this great article on Freakonomics about why the most abundant, liquid resource on the planet, makes for a very illiquid asset when it comes to markets.  You can read the full version here: Freakonomics » Why Water Will Never Be the Next Oil: A Guest Post by Charles Fishman

$200-300 oil if unrest spreads to Saudi Arabia

$200-300 oil if unrest spreads to Saudi Arabia says Sheikh Yamani « ArabianMoney
Hat tip to Joey at Option Radar for pointing this article out... interesting read

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

PBR - break out or back into the range? Option play to play both ways

check out our intablog on Seeking Alpha: