The Traderszone Network

Published in TZ Latest News 8 August, 2017 by The TZ Newswire Staff

Plenty Of Reasons To Be Bullish On Oil Right Now (USO)

From Mike Burnick: The 19% rally in crude oil prices from the late June low has been impressive. But I think there’s more gas in the tank for this advance.

Reasons: A softer U.S. dollar, a tightening supply-and-demand balance and geopolitical tensions.

Plus, our E-Wave cycle forecasts call for higher prices into October.

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