Two months after UCO reached the top of its channel, it had moved down and slowly meandering its way back up again. But what if UCO is slowly ascending to the next level? Its drop on Aug 12 might have been a set up to try to gather enough energy to continue moving upward. However, it won't be without drops and sideways movements in between. The next level to reach...
There is a small gap where the heart is located in the chart. Looking for a good price to buy call.
Crude oil has been in a massive ascending wedge with UCO currently on its way to around $33. Its a nice little play at the moment, but on hitting that upper resistance and perhaps melting up we might see a catastrophic fall (probably around the same time people clue in to the fact that our economies are all screwed and no one is spending money anymore, or OPEC+...
AMEX:UCO Do you know this? ! Specific goals are the current opportunity The current quantities in this stock can rise to these specific targets
Hello, My Thoughts For You We are on wave 5 now and the common length for wave 5 is equal to wave 1 or 1.618% of wave 4. Looking at the chart I decided to go with the wave 4 measured move because wave 1 equal measurement would bring wave 5 to be 29.56 which would become a truncated 5th wave and I don't see that happening given the upward pressure of the RSI...
Seguimiento diario de UCO de forma totalmente amateur, planteando canales y usando los WMA de 9 50 y 200
Hello friends, This was a strange and difficult chart to do today. There is no real history except for the huge dump we see on the weekly chart that starts at the top and ends right where wave 1 begins. I am not certain how well this will turn out but here you have my details on the chart. Good Luck Cheers!
In 2018, oil price dropped on talk of increased global supply, slowdown in economic growth and decreased again in 2019 due to COVID-19. If the States prepare to re-opens businesses, prices could go up to 50% - 65% from $17 to $35 and then, slightly fall to 20% if the number infection people are still increasing.
possible recovery pattern based on looking at past crashes; (understand fundamentals are different to previous crashes)
I would put a stoploss around 1.70 Long positions should be put from 187-175. Like and Follow the post, for long long term targets.
Since, WTI futures are time bound and we can't hold it for longer term. UCO looks great for long term hold. UCO once traded at $25 and now its a bargain at $1.70. it's for a swing trade if you can't afford crude oil lots. Vinny