IvanLabrie
Long

USOIL: Update, we picked the bottom (perhaps)

TVC:USOIL   WTI CRUDE OIL
2 months ago
As I outlined in my futures chart, we have entered longs once again in oil             near yesterday's close.
If we keep trucking, we will confirm my analysis, and probably resume the longer term 'Time at mode' uptrend signal spotted in this chart.
It not long, you can jump in, although not optimal, risk is still small. Yo be extra safe, you could wait for today's close, and then go long on a new daily high, risking a new daily low under the then lowest daily low in this down swing.

Good luck,

Ivan Labrie.
2 months ago
Trade closed manually: I don't like the short term chart now, I'll get out and wait for a couple days.
2 months ago
Comment: I got out around the entry price, clearly the right thing to do. I'm watching I'll update once we can enter longs again.
2 months ago
Comment: The key level seems to be holding seeing that we have no high under it.}
We might be able to go long on a new daily high.
2 months ago
Trade active: We bought today above the daily open, stop at today's low.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
tankbell
2 months ago
oversold conditions, test 47.21 then reverse to test 43
Reply
IvanLabrie PRO tankbell
2 months ago
See updates. I'll wait, if this level holds for a couple days it could be good.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out