If we don't hold here we can fall a bit lower.
$USOIL appears to have bottomed...
We'll add to longs gradually.
You can see how short term trends acted here, and how the support I outlined held.
Everything was indicating I could add to longs on the dips, which I did, and now we can reap the rewards.
If we hold here or higher, we can be pretty comfortable in oil. Else we might need to see if we can add on dips, and trail our stops higher gradually.
Let's wait and see.
I am averaging in gradually now.