sp'daily3 - fib retrace
USO, daily
Summary
The action in Oil remains particularly amusing, with lower energy prices bullish not just for the US of course.. but for the world.
Look for strong efficiency gains/increased profit margins in most Q4 and Q1 earnings reports.
The really exciting outlook is for Oil to remain lower for the entirety of 2015. The precious metals miners will be greatly helped by that...even if metal prices themselves also see another major wave lower.
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VIX update from Mr T.
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time for lunch... back at 2pm