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OTM.Investments
Jun 11, 2020 7:37 AM

Oil Go Drip! (USO) 

AMEX:USO180
United States Oil FundArca

Description

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😯 Uh oh! It seems to be that oil has broke upward support.
Now it seems to be treating support as resistance.
With a potential Elliott 5 Wave completion.

Would not be surprised if it dumped.

27.58 needs to hold.
Break below 27 is a short.

Bear > Bull

Best of luck! 🎲

🥇MLT | MAJOR LEAGUE TRADER





Comment

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27 - 27.58 is your key range. Use levels as stops
Trend AnalysisChart PatternsTechnical IndicatorsOilCrude Oil WTIUSOusoilshortusoillongoilshortoillongusoilsellusoilbuy
Comments
aaronsmth5
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What do you think is next, a further move lower?
OTM.Investments
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@aaronsmth5, ⬇️⬇️⬇️ maybe shoot for 24$
aaronsmth5
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@MajorLeagueTrader, Thanks my man, just exited my calls for those puts
OTM.Investments
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@aaronsmth5, 💰💰💰
OTM.Investments
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@aaronsmth5, m e l t e d lmao
aaronsmth5
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@MajorLeagueTrader, Yup, thanks for the help, I bought 10 contracts and I am very glad you put me on.

I"m a pharmacist in the clinical trial space. If you want some potential nice plays for that (when the market isn't tanking), CVM, SCYX, GMAB, HALO, DTIL, are some ones I have in my cross hairs. Also TAK will be gigantic once wall street realizes how enormous their revenue and sales are.
OTM.Investments
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@aaronsmth5, ok thanks bro. ✌😁✌
OTM.Investments
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@aaronsmth5, 27$ needs to act as Resistance now
rgmadalin
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@MajorLeagueTrader, how low do you think can go, could go back to 17? If is reaching 25+- is a good spot to get in?
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