Simple Reason Why Oil Will Bounce Here: Duh! (USO)

Oil is taking a beating again today. While many bears are talking about oil going much lower in the next few weeks, it has likely bottomed. Why? Simply put, Russia and the middle east (Iran) will start some trouble to boost the price. Remember, 90% of their economies depend on oil. Just watch, something crazy will happen in the next 48 hours to stabilize and bounce oil in the near term.

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com