chartwatchers
Long

ERX is not buying the Saudi trick

AMEX:ERX   DIREXION DAILY ENERGY BULL 3X SHARES
259 5 14
Oil             related shares are not buying that SA skipped the deal yesterday.
Maybe somone had to open some long positions at suppressed prices today???

ERX, GASL             closed the GAP in one hour...
This is not the start of an oil             decline below 30$....
Comment: SA = SAudi Arabia
I heard Citi Investment is on long position. Probably this would be one reason we haven't seen big move after Sunday night.
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chartwatchers, what did you do with your CL long positions, are you still holding them? thanks
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CL? You mean CLF?
I made a box of energy stocks what I posted.
(CLF,VALE,LGCY,SXE,ARP etc)
I still have the box. I want oil to break above the 200 EMA and
Then these oil stocks going to start rally like crazy.
The same will hsppen like the gold miners & gold.
Gold is in a range but gold miners are still making higher highs.
Oil is not going to to 200$. It will stop somewhere and stay in a range for a while.
But these stocks might rally for 2-3 years.
Check where did it start.... All these shares which are not going to go to bankrupt
will make 1000% or more in the next 2-3 years. I will write about it a post in the following days.
Right now Im holding all positions. This is 80% of my personal portfolio on my account. 15% LABU and 5% gold short.
+1 Reply
chartwatchers PRO chartwatchers
Right now I'm holding all oil positions this is 80% of my personal portfolio.....
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Tj chartwatchers
Thank you for the extended answer!! By CL wanted to say nymex crude oil. The answer is great, thank you!
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