Long OIL. January 2021.
- The MACD is showing a pretty decent buy signal
- USO hasn't wanted to cross over the $4 mark for 2 weeks now, could be possible support
I'm bias because I opened a position but how much further could it really go? Even with overproduction and limited storage. The ones losing the most money in this crash are the ones controlling the prices. Next year should give plenty of time for oil to recover.
Thanks for reading.
- USO hasn't wanted to cross over the $4 mark for 2 weeks now, could be possible support
I'm bias because I opened a position but how much further could it really go? Even with overproduction and limited storage. The ones losing the most money in this crash are the ones controlling the prices. Next year should give plenty of time for oil to recover.
Thanks for reading.
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