10am update - Bernanke inspires?

The market has opened a touch higher, with the sp' trying to break back into those 1630s again. The Bernanke is speaking, but generally, its just the usual Fed speak. Precious metals and Oil are sharply lower. USD is holding moderate gains of 0.3%


sp'60min

USO'60min

Summary

Kinda interesting so far...

*looking to go long Oil this morning.

UPDATE 9.56am.. am Long oil, from USO 33.50s.  I am seeking the low 35.0s before May concludes.
--

10.30am Indexes a little higher, but metals and oil still very weak.

*I remain reasonably content with my new Oil long position, and will hold into next week.