Buy Oil (USO) ahead of OPEC meeting
March 08, 2010 9:08 AM
Investors should keep buying the United States Crude Oil fund (USO) ahead of the March 17 OPEC meeting. USO is well bid, its ETF price simultaneously bullish on the MACD, Directional Index and its 20 day MA.
Traders should buy on dips, especially to the low 39’s. Maximum target price should be the gap price of 42.09 from November 28, 2008 where USO should bounce off significantly.







