The Non-Oil Trade

Much is being made at the recent interest in oil. Taking a look at the USO chart one can see barely a dent was made in the down trend. There was a noticeable volume spike which is of interest. But playing it long right here is irresponsible. While this might very well be the bottom there is no behaivor on the chart to create a basis for trading. A blindly thrown dart hits a bullseye just as often as it hits anything else. The problem with trading using that model is your money becomes the darts and unless you won a dart factory it will run out.