Oil (USL) Bouncing Off Of The Day's Lows
By Reuben L Sushman
March 12, 2010 2:18 PM
March 12, 2010 2:18 PM
Symbols: USL
Crude Oil is selling off as it approaches the close for the day and week.
Crude is trading at $80.87 down $1.24 at 2:00 PM EST as profit taking hits the energy complex.
The United States 12 Month Oil ETF (USL) is down to the day's low of $39.92. Technically support is at this level and represents a buying opportunity at this time.
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