I believe that Crude Oil is oversold in the short-term. If you look at the United States Oil Fund ETF with trading symbol of USO, it is down about 10 percent from its January 6, 2010 high of $40.97 to today's close of $37.25. I believe it could go up to just around $40 in the short term.
Disclaimer: I either own and/or control long positions in USO.
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