Hi guys. Nobody likes two sided charts but here it is. I'm short since yesterday and still keeping my original target per my previous USOIL post. These two scenarios are based on the open interest for mid March. Question everything everywhere and every time. Imvho. Have a nice day.
I'm currently long oil but definitely skeptical of this recent downturn. Still have my stops placed below the MA but right now I'm less and less confident of price holding there.
I had a basket of energy stocks that I went long in and all of them were stopped out for either small gains or scratch losses.
Will see what happens over the coming weeks.
UnknownUnicorn2141791
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@rockvuecap, I'm seing quite a bit of pressure to the downside for now. working this idea for now, but partially covered here
I had a basket of energy stocks that I went long in and all of them were stopped out for either small gains or scratch losses.
Will see what happens over the coming weeks.