Is USO About To Turn Things Around? - The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha
This is a great article on the state of the oil supply and the probable outcome on oil stocks. Basically, the price of oil will oscillate between $43 and $50 per barrel until the third or fourth quarter when the drilling rig cuts will finally have an effect on the supply. In the meantime, I have found that the natural gas ETF, UGAZ, has a predictable trading range from around $2.60 to $3.07. You can probably make a lot of money in UGAZ over the next several months through buying and selling in this trading range.
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