Here is our tracking of oil through USO. It looks like we might be getting a capitulation move down here, but it's still a little too early to say. (This is a monthly chart) With that said, we started buying some today (very small position so far) for long term hold (Dec 2022).
Amazing!! Did you expect a bounce because of the bottom of the channel? I know this was long ago but was there another reason for your bullish position?
Did you expect a bounce because of the bottom of the channel? I know this was long ago but was there another reason for your bullish position?