United States Oil Fund LP (ETF)(USO): Crude Awakening

Right now, crude oil is around $59.40, so it’s not too hard to imagine what might make it shoot up $19, or 32 percent, over the next 52 days.

That’s roughly 35 cents a day.

Short positions are quite extended right now, so a panicky squeeze could do a lot of the work.

Some more bad news in the Persian Gulf or Russia could push up the geopolitical panic premium.

A positive resolution on Greece could help allay fears about global growth.

The most straightforward way to take advantage is to consider buying the SPDR Energy (NYSEARCA:XLE) on dips.

This article is brought to you courtesy of Jon Markman.

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