uso

Crude(USO/United States Oil Fund)is ending the week with a ugly breakdown.  The index has been under pressure since reaching new 2018 highs early Tuesday.  The downside reversal since has driven the index well below initial support near the April high.  The rising price of fuel has been quite a topic of late.  Many analysts fear, and rightly so, that a huge price hike this year would produce a headwind for the economy through the remainder of the year.  While the energy sector is certainly under pressure due to sliding crude prices consumers may benefit nicely if this pullback continues.  We are just entering the driving season so some pump price relief would be a welcome sight.