We have posted several analysis of USO rollover in past months. The initial months had a clear correlation between the 4-day USO rollover periods and USO prices. For the last two months, however, May and June, this has not happened.
The tables below shows what happened before, during, and after rollover. June shows prices as of 10:20AM today.
From a trading perspective, the USO Rollover trade is dead.
Speaking of oil, INO has a nice video on crude oil "Is Crude Oil the New World Currency?", including a Fibonnaci tool.
Click to watch.
Friday, June 12, 2009
The USO Rollover Trade is Dead
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