AMEX:UWTI   VELOCITYSHARES 3X LONG CRUDE ETN LINKED TO THE S&P GSCI CRUDE OIL INDEX EXCESS R
Oil             really a teaser these days.... in range not willing to break out either way (See my linked chart)

Safe trading

Ladies and gents!

@BLawrenceM


Music at work:
https://www.youtube.com/watch?v=gdswF-6Woao
This looks possible too
+1 Reply
Nice catch.
+1 Reply
Thanks!... But oil really range bound here.
Reply
LastBattle WallStScalper
Yep :) Ascending triangle. I got quite a bit of UWTI at 3.1~3.35 range.
Intending to hold till oil recovers, but there's simply too much scalping opportunity in this range.

$58 is my target.

+1 Reply
Nice chat!!! Can you zoom in a bit... Is price above your upper trendline?
Reply
LastBattle WallStScalper
The light purple line?


It won't be that accurate since it was drawn for the daily scale, but I got a reversal confirmation there for as long as this ascending triangle holds.


Another additional confirmation from timwest (if I remember correctly):

Reply
Yeah another day of trading and it catch up with the lower purple sloping up. Let's see!!
Reply
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