Oil Update for TVC:USOIL by Deus

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Oil outlook is now consistent with USDRUB . Most likely we will have another pop up later this month or early August together with gold and silver . SP500 and Nasdaq appear to be in a downtrend. This pop up in commodities may coincide with correction up in stocks (wave 2).

Comments

thanks for sharing your ideas, i am expecting near 29 usd as well. what is your stop loss point in this bearish idea? I put mine to 44 but little nervous about after-weekend opening higher like 16.09.2019 (hyper fake bullish movement).

Good idea. I'm sticking with the bears though. Double top formation at key resistance area.

would love your opinion on 2 week call options for UCO ETF, thanks in advanced!

Thanks for sharing... Does 5 needs to be higher than 3 or it just needs to be an inpulse up.

LuisPrens

@LuisPrens, ya, I think it needs to be higher to confirm expanding diagonal rules

Hey deus. Are you long on oil ?

aishxxi

@aishxxi, no I opened small shorts yesterday. Will consider closing them today to open higher, or simply wait. Too late in the trend to long it. Plus it was not even a trend but a correction up
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