Wednesday July 19, 2017
DUG is a bear fund for energy shares. There is an optimistic article regarding oil prices in today's WSJ But look at this chart.
DUG
In the main panel the4 trend is up and the price bounced right where it should have yesterday.
At top the full stochastics look to be turning up.
At bottom the PMO may be readying for a reversal.
We continue to watch with interest.
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