Happy Friday oil traders! Here is my take on USOIL today. Today appears to have an upward moving channel. The S&P500 supports this as it is currently up 9.5 points in pre-market. USOIL has been following the S&P this week so I would expect to see another jump back up to $57 range. I don't think we will see any major movement today. Everyone wants to have a happy weekend. Trade carefully and always use SL.
My magic eight ball is on the fritz so who knows..
Trade4God
⋅
@Buckz, I seem to be out of sorts too. More losses than gains lately, always getting stopped out. That's the market for you. It is a beast!
ByeInvest
⋅
@Trade4God, They always seem to change when and how, but one thing is for sure.... They will hunt that SL of yours, even if it's merely a drop in the ocean.
Cheers!