NRGU and USO/SPY correlates
Intermarket analysis of Oil ETF relative to SPX. This graph works because oil moves based on inflation, economy, commodities etc. Some of these spots were almost "risk free" (until proven otherwise). Meaning 100% - until something changes.
Where are we now? USO needs to find support - and then we see.
Where are we now? USO needs to find support - and then we see.
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