Usdoil Hello dear trader or investor today we share usoil
Chart according to this chart usoil make good fall so what’s you think about it
Trade ideas
Loose Supports Sink ShipsNASDAQ:USOI
Level 1 (of 3) Hit. M Formation confirmed. We are headed down this week unless price breaks $5.31.
USOI - Are we at the top?NASDAQ:USOI
USOI Looks to be ready to form an M formation signifying a top. If it breaks $5.42 expect more Bullishness. However, if price doesn't break, expect a period of downward price action.
USOI dividend-adjusted return vs. USOUSOI seems to provide good downside protection to exposure to USO, while participating in much of the upside gains in oil prices alongside USO. Includes chandelier exit indicator in the chart.
Can anyone see this playing out? Lot of catalysts in the market driving a temporary reversal in renewable energy markets, perhaps in the direction of safer undervalued markets. This trade has a narrative behind it, and potential technical price points to aim for in the next 2-4 years that could shape up to be a fantastic comeback for conventional value investors.
I've done some DD but could use some backup validation from those more experienced in energy markets since this looks like it could be a choppy ride.
