AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
120 2 2
Just looking at the chart. Be glad to hear anyone thoughts on the patterns playing out?
Comment: Ok, can this break the right should or will oil come back down? I'm going to short oil with a tight stop loss
One other possibility is the inverse H & S on the longer time frame. LS 08/15. Head 02/16. RS forming now. $38 will be key to see which one wins.
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Monday or next week we find out oil have to crash next week and start moving down to 37 area ,,,, or oil have a run to 60 $ and you got this perfect RS
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