IvanLabrie
Long

USOIL: This should be the bottom in oil

TVC:USOIL   WTI CRUDE OIL
I'm entering longs on strength, once we break out from the linear regression channel here, the long will be safe.
The options expiration support level and the yearly SMA give us a some peace of mind as well.
Good luck,

Ivan Labrie.
Comment: This is what I wanted to see, already in profit.

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Comment: Now 44.43, looks promising.
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Good confirmation of the up move starting.
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Good reentry...
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How about that?

This WAS the bottom in oil, I'm 90% sure.
Comment: Appaling...only 19 likes.

http://www.bloomberg.com/news/articles/2016-11-21/putin-sees-great-chance-of-opec-deal-as-moscow-ready-to-freeze
Comment: http://www.bloomberg.com/news/articles/2016-11-21/oil-climbs-as-iran-iraq-signal-deal-hope-before-vienna-meeting

...headlines starting to pop. As expected, Saudis want higher prices, and we're stuck in a range, so, again, buying the bottom of the range, against support works.

Now, let's time the exit. That will be tricky.
Comment: Ok, hope someone benefited from my divination. :)
Comment: Sold that one, reentered and now we're cooking with gas.
In to $52 fingers crossed
Reply
let me know, how did u implicate this chart ....for long
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IvanLabrie PRO sushil6002
@sushil6002, hi, multi-timeframe analysis of oil using a proprietary trading strategy. Also, sentiment was extremely bearish, indicating a potential bottom in oil.
+1 Reply
Ivan, if you want high scores tell them what they already think and precently have their bets. I can only give you one vote. The masses usually have it wrong. Do you want to be right or do you want high voting scores? The price of being a contrarian is low voting scores
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@bracken, indeed, on that regard, not complaining, just that hindsight likes usually explode on other people's charts...I'd rather have the most people get onboard quick and everyone bank early on.
Thanks for the comments.
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