INO.com Banks $10k on Shorting Oil, Turns Long

Posted by Blain Reinkensmeyer
July 31, 2008 at 10:17 am

The move yesterday in oil was enough for INO.com to cover and bank almost $10,000 in profits through trading USO, here is the video showing you how they did it,

INO.COM Trade on Oil For $10,000 Profit

Now their trading system has them turning long and going back with the bull on oil. The gist on what caused oil prices to jump unexpectedly yesterday,

“Oil prices soared over $4 a barrel Wednesday, halting a dramatic two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren’t keeping Americans off the roads.”

I commented on USO’s stock chart yesterday with my post 11 Reasons to Buy Commodity and Green Stocks.

Take a look at the INO.com USO Technical Analysis Video and see what you think. Do you agree with the analysis? Do you think following the signals and the technical analysis is the right way to go?

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