29Jun1:08 pmEST

Gobbling Up the Oil Spill

After inventory this morning, it is impressive to see crude oil continuing to rally. 

On the USO ETF daily chart, below, note Black Gold recapturing the 200-day moving average. With this in mind, I continue to look to see if TLT will fade its post-Brexit rally, as USO and TLT can often move in different direction. 

And energy leader XOM is making fresh yearly highs today is helping the cause for energy bulls.

More in my Midday Video for Members, coming up. 

Look But Don't Touch A False Sense of Safety

 
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