AMEX:UCO   PROSHARES ULTRA BLOOMBERG CRUDE OIL
UCO             has an interesting setup to go long at the open, ideally if we make a new daily low here. We can enter at the open, but it'd be nicer if we hit 8.91, risking a drop to 8.35.
Upside is considerable, and this ETF uses up half the cash compared to UCO             , so it's a good vehicle to ride the post-OPEC meeting rally -if correctly diagnosed-.

Good luck,

Ivan Labrie.
Comment: If you followed my trade here, you're up big time. Premarket: 9.85
Trade closed manually: Sold at 9.85. I'll wait to reenter tomorrow if we get a dip...if not, I'll buy back if above my exit on close.
Comment: I'm holding futures/CFD longs, and OXY shares. We have potential for considerable upside here, so, we can look to reenter tomorrow, if we get a dip, if not, we are forced back in as well, risking a drop to the initial entry, with the same size.
Trade closed manually: I sold OXY and all positions 2 days ago.
Very nice, I have followed your trade from $8.7.
+1 Reply
@ropaar, good to hear!
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hey my friend. thank you for the comment and advice yesterday.i was not able to find it and answer below that. Thank you once again and apologies for intruding in this post. take care.enjoy your trading today!
+1 Reply
@MARGEO, no problem. You took the long too? Or only covered short?
Reply
MARGEO IvanLabrie
@IvanLabrie, only covered short
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@MARGEO, ah, too bad.
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