TradingView
DanjaZown
Jul 15, 2020 7:49 PM

I'm liking Crude...to a point Long

ProShares Ultra Bloomberg Crude OilArca

Description

Crude oil has been in a massive ascending wedge with UCO currently on its way to around $33. Its a nice little play at the moment, but on hitting that upper resistance and perhaps melting up we might see a catastrophic fall (probably around the same time people clue in to the fact that our economies are all screwed and no one is spending money anymore, or OPEC+ isn't able to come to an agreement on renewing production cuts). Anyway, enjoy!!
Comments
More