USOIL Similar to Gold
Power of Inverse 1.618 EXT
If you want to short oil , or if you want to set
a great place for you to take profit of your
40.20 will be the best level.
Watch for RSI Overbought and
Price action as a confirmation to enter the trade.
Getting Closer to 40.20, get ready
Prive Action is good.
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US Oil just rolled over from April to May contract, the price went up accordingly from $39.30 to $41 over. That's a big jump, I never traded CFD before so I am curious about the profit for this move: does any one make money on this increase? Let's say you hold a long on Friday closing time @ about $39.35, do you make $1.70 for the rollover from April to May? Thanks.