tipere445

Due for a bounce?

Long
tipere445 Updated   
AMEX:USO   United States Oil Fund
Good day folks,

I think we could see a bounce in the oil futures. Attacks on tanker, G20 summit, OPEC, etc. this could move the market in the short term.

The VI is rising and so is the RSI.

My target is 12.00, then we'll see.

Thank you,
Comment:
Comment:
I closed half my call position here for 91% profit. I'm gonna hold on the rest for some time as a breakout of 54.5 occurred. Looks like bullish. Chart closed, I wont comment further. Good trading folks!

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