GUSH, is how Im going to play this move in OIL. OIL looks to be moving higher. I like GUSH as it consolidated at the 50% Fibo, it now looks to be breaking above the 50. RSI is moving from oversold. TSI looks to be crossing over positive. Ill take this as a low risk trade. Target at 124.50 stop just below the 50.
Trade closed: stop reached:
Stopped out
Comment:
Guess I had my stop set too tight. This trade would have been nice. Still on track.