dbMz

Long term lower trendline testing

Long
TVC:USOIL   CFDs on WTI Crude Oil
It's been very close to initial trendline but still holding.

Now that we filled up the gap I expect another dip below trendline to reinforce next move up to 50$ area near end of July.

Investment made on 16$ area is paying up well, planning to keep stacking until 50$ and if shortage comes out as a possibility, will be holding (hopefully) until 80/100$ mark.
Holding positions:
16.24$ ~ 152%
25.58$ ~ 60%
31.56$ ~ 29%
36.79$ ~ 11%
Actual ~254%

Expected at 50$ ~ 427%
Expected at 60$ ~ 650%
Expected at 80$ ~ 1265%

If shortage starts to happen and 100$ mark becomes a chance this may go up to 2000% profit.
Something really bad must happen for this to go back to sub 30$.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.