November 24, 2015
Trades & Tutorials
By Geoff Bysshe
Here’s a great way to play a potential bottom in crude oil. The crude oil ETF (USO) looks like it may be putting in a double bottom, but there is a better way to bet on a bounce in crude oil.
Even if the slippery commodity doesn’t hold its potential bottoming pattern the two ETFs I cover in this video may still rally.
However, if USO rallies these two ETFs will likely move up big.
Given that 2015 has been a year in which crude oil and energy stocks have reached historically depressed prices and then developed a 3 month base, this would be a very likely candidate for a nice year-end rally.
