LONG, BULLISHUSL could hit $18.50 to fill in the gap. Be careful on news regarding OPEC.
Support might be tapped a few times and then price should go up from here. Move stop losses in profit and keep a tight stop loss.
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About United States 12 Month Oil
ISIN
US91288V1035
Sector
Miscellaneous
Industry
Investment Trusts/Mutual Funds
Website
uscfinvestments.com
Headquarters
Walnut Creek
Founded
2007
United States 12 Month Oil Fund LP operates as an exchange-traded security that is designed to track the price movements of West Texas Intermediate light, sweet crude oil. The company's investment objective is for the daily changes in percentage terms of its shares NAV to reflect the daily changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the average of the prices of Benchmark Oil Futures Contracts, less expenses. The company invests primarily in listed crude oil futures contracts and other oil-related futures contracts, and invests in forwards and swap contracts. United States 12 Month Oil Fund was founded on June 27, 2007 and is headquartered in Walnut Creek, CA.
USL Long, option trade with big stop bufferUSL Long, option trade with big stop buffer
Try to accumulate oil long position at bottom in next two months.
Stock Entry: Below 10.4
Stop: 9.6 (down to new low)
Target1: 14.2; risk/reward=1:3
Target2: 19; risk/reward=1:18
In option trade, I bought Oct Call Butterfly C11/16/21 (Delta 0.15), li
#USL #short #stockUSL has formed a small double top on the daily.Indicators pointing down. I see two possible targets, both with decent RRR.
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