Oil Wants To Go Up

by Olivier on February 24, 2009

Uranium stocks moved up in unison today.
Probably more to come.

Gold was sold off hard. All the charts on my public list and my annotations were telling to be extremely cautious.

Now I will closely monitor the flag building process of RGLD, FNV.TO and OSK.TO. These are my favourites and I will try to position accordingly as soon as the charts send signals they are ready to move up again.

Oil and the QQQQs want to go up. Check the USO weekly chart on my list. The week is far from over but we might get a candle with another tail. This is what is called ‘hammering out’ a bottom. Let’s see what happens.

More tomorrow.
Have a great evening.

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