USOIL Long

FX:USOIL1D

Crude Oil (WTI)FXCM

Description

⋅ Nov 11, 2015 9:17 PM

Go long USOIL using UWTI based on the double bottom. Set your stop just below Today's low and risk less than 1%

Comments

bhowe

⋅ Nov 13, 2015 3:38 PM

With the double bottom not holding we are going to test the lows at $38. This change in the road map may be due to the expectation that the FED raises rates in December and the markets building it in currently.