Since April of 2016, USOIL
has been in an uptrend on longer time-frames (4h and up). The price is nearing the bottom of the channel as we approach the warmer seasons for the northern hemisphere, when consumption is high. Political factors also indicate a strong year for USOIL
, making this a good opportunity for a big long.
Enter Limit@$47.6; SL-$46.50; TP-$57.00