Here we are again, near 52week highs on the USO chart, and showing bearish divergence between price and MACD... The USO hit its top 4 times in 2006, before correcting (see chart)...So, we may be several weeks away, before the correction takes place..
The last correction in USO, was for a healthy 40% drop from August 2006 to Jan 2007, while the market rallied 20% during the same period.
tb
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