matjaz70

Throwback failed on USO

Short
AMEX:USO   United States Oil Fund
Describe the trade. What you see?
There will be a sell off in the USO what suggest the technical patterns and two supportd at 12.45 and bent, the problem could be only a contango.
Write why you want to enter the trade in this point?
it is ideal point befor two support levels

What have I done well for this trade?
I set well stop level and at the time think correctly

What can I take away to help with later trades?
I should more emphasise the importance of support and resistance level and more try to se more perspective also fibo etc.

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