Fomenka

USOIL difficult but still up

Long
FX:USOIL   CFDs on Crude Oil (WTI)
USOIL continues to correct upwards. Despite much-respected @Rubus just posted a Telegram update that USOIL is megashort. I still see this as a bullish correction.

See how price makes higher lows and RSI makes lower lows? My guts tell this is bullish. I must admit I was stopped out on futures and suffered a loss on APA shares yesterday. Will reenter futures position and hold on to APA for a while.

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