Oil’s Weak Future

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On Friday, this tumbled into my Twitter feed, attributed to Gartman:

0814-gartman

And, so, as federal law requires, equities are UP and crude oil is DOWN right now.

I love the crude oil chart as a short, and I’m short USO as we speak (well, neither of us is speaking – – or at least I’m not – – and if you’re talking to your screen right now, you’ve got worse problems than either of us). Anyway, here’s what I see:

0814-uso

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