$GUSH trending parabolic as $USOIL looks to surpass 43/b. This is an ETF that 2x bull runs Oil, which is a clear LONG at this moment. Entry now isn't horrible; there's plenty of room to run as the previous relative-highs indicate on $GUSH. Happy Trading! BDR
$GUSH has so much latent potential in a healthy economy and is a top ETF in any energy investor's choices. To call a previous annual high back to reality would bring a rapid gain to all positioned in this ETF which is managed by Paul Brigandi. He basically put a package (assembled) today that *nearly* matched one of the emerging stocks in the oilfield arena:...
The chart is fairly self-explanatory. FIB traces seem useless with the volatility on this table. Two exit points: 1st: 1/3rd position exit 2nd: Full exit Happy trading and whatnot, I reckon. BDR
record DRAW in oil inventory today. but oil went down with less demand forecast.
"Golden Cross" of SMA 100 intersecting the SMA 111 acts contrarily to standard Golden Cross implications and could signal a correction as seen in January. As the relationship decreases in price, Crude down, DRIP up. Looks like it might break down vs SMA 350 (gold colored line) as well. An answer should be given within the next week given prior timelines.
Im buying DRIP here as a long trade. It's really a short because its an inverse etf. It looks good the buy was at $6.04
With the OIL cycle coming to an end, 50 + days, I am watching DRIP as a possible counter trade. If the price can get over the 50 and break the trend line this could be a good runner. Maybe we get a repeat of March? You could buy here with a stop below the current price. The only draw back is that the OIL producers may not trade directly with OIL.
Listen! OIL MASS DEFLATION -$30 per barrel. OIL MASS SLOW PRODUCTION!. OIL DEMAND INCREASE! OIL MASS INFLATION+WAR+CHAOS CANT KEEP UP WITH DEMAND! ECONOMICS 101. Don't listen to the fake pros they know nothing! BLACK HORSE RIDES! LOW SUPPLIES EVERYWHERE FOOD SHORTAGES! LOCUSTS!
if breaks the support, i will add more. its not going below much from here. else will ride current long position. i will vote for long here
AMEX:GUSH GUSH, provides 3x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. These leverage funds are designed to move three times the daily change in the underlying index. The EFT has taken a significant beating and poses significant investment risk. The coronavirus and Saudi “price war” have...
I think people will start buying gas again when they start going back to work. So I think some of these brutally battered oil companies will recover. Diversify with an ETF, it's good practice. I would also check out WTI.
Needs to bounce here soon otherwise may go straight to 17-18 area
Buy with all hands. ER coming and huge debt restructure happened today. Good volume. This is $30 stock but being resonable and targeting 11-12 near term
Strong support at 85c. Any price here would be good for long term