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IvanLabrie

UCO: We bought yesterday's close

Long
ProShares Ultra Bloomberg Crude Oil (AMEX:UCO)  
IvanLabrie Updated   
AMEX:UCO   ProShares Ultra Bloomberg Crude Oil
timeatmode Oil keyhiddenlevels opec aramco iran arabia
11
2
timeatmode oil keyhiddenlevels opec aramco iran arabia
This is potentially a very good trade, for the time being, we can expect it to retest the top of the range. If you didn't buy with me and my clients yesterday at the close, you can buy here, risking a new low under the recent lowest low. Target is at least a retest of the previous rally's top, but it could evolve into resuming the longer term 'Time at mode' uptrend signal in the oil chart. In the case of $UCO, it could rally to 21.19.

Good luck,

Ivan Labrie.
Comment:
We reentered at 8.81 and then 8.91. Holding, if you follow my posts at Tim West's 'Key Hidden Levels' chatroom, you would have seen the alert to buy.
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