IvanLabrie

PBR: bottom's in

Long
IvanLabrie Updated   
NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
I'm long oil, gold and #PBR here, reduced my gold exposure to 75% of the portfolio today and going with 25% exposure to oil.
I think #USOIL bottomed after hitting long term support at the lows in the last two days. It could also be the bottom for global equities but not as sure about that one.

Best of luck,

Ivan Labrie.
Comment:
Trade active:
Trade active:
Oil and #PBR are acting great, looks like we have diagnosed the bottom correctly. Next Target for oil is 51.5, $PBR can reach $23 at least.
Trade closed manually:
I'm out for now:

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