TradingView
gghsusa
Mar 19, 2020 4:31 AM

OIL yes Long

Crude Oil (WTI)FXCM

Description

USO USOIL DWT uwt GUSH
If you're selling, someone is buying. Buy fear, sell/short greed. This is fear and capitulation. Consider where oil is historically and aim big. I've been waiting on this move for years.

Comment

usoil on monthly candles. I find it extremely.. extremely incredible that there are near perfect trends on my lower wavetrend/stoch indicator

Comment

Comment

here's one for the history books

Comment

1 cent.. sign me up to buy some barrels of oil at ONE cent please

Comment

Comments
Intensity1
What tickers are you looking at to buy this history dip?
gghsusa
@Intensity1, Sorry I missed your msg. I normally trade USO options but I play long & short. I've been very cautious with USO lately with oil prices going to zero and negative.. It's not impossible to see USO close so I tend to like oil/energy companies that have been run into the ground. I rode MRO up from march lows but there are other good, cheap oil & energy companies out there. One of my favorite (and most speculative, RISKY) trades is on CHK. CHK is very risky right now, but has enormous potential if energy takes off over the next decade.
Intensity1
@gghsusa, makes sense, thanks!
More