Also, I think that we need to be aware of global warming, even though we have debate about the cause and its existence, and air quality as many will be consuming natural resources such as gas through driving more cars in emerging countries like China. We are consuming various natural resources even though we can plant more of basic needs such as grains, some natural resources can't be replaced since it is limited; but also, if we have global warming, we will create unstable eco system such as severe weather patterns, threatening our basic fundamental needs -- water, food, and other.
Oil is bouncing off from the Mar2007 breakout support around 64 and USO closing at 50 support. Showing negative divergences on the daily charts.
I know you are very good with TL.
As noted before, I don't use stockcharts for trading, but for market analysis to post.
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