USOIL: This should be the bottom in oil
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I'm entering longs on strength, once we break out from the linear regression channel here, the long will be safe.
The options expiration support level and the yearly SMA give us a some peace of mind as well.
Good luck,
Ivan Labrie.
The options expiration support level and the yearly SMA give us a some peace of mind as well.
Good luck,
Ivan Labrie.
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This is what I wanted to see, already in profit.Nota
Now 44.43, looks promising.Nota
Good confirmation of the up move starting.
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Good reentry...
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How about that?
This WAS the bottom in oil, I'm 90% sure.
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Appaling...only 19 likes.bloomberg.com/news/articles/2016-11-21/putin-sees-great-chance-of-opec-deal-as-moscow-ready-to-freeze
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bloomberg.com/news/articles/2016-11-21/oil-climbs-as-iran-iraq-signal-deal-hope-before-vienna-meeting...headlines starting to pop. As expected, Saudis want higher prices, and we're stuck in a range, so, again, buying the bottom of the range, against support works.
Now, let's time the exit. That will be tricky.
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Ok, hope someone benefited from my divination. :)Nota
Sold that one, reentered and now we're cooking with gas.
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