Going long on USOIL by using GUSH. USOIL just completed a 3 drive to a bottom pattern. We can expect a turn here. Panic selling this morning is tough to go long into but the rewards should be there. Set a stop just below $43.
Note
OIL i thought was going to $43, it went to $42 and reversed. I expect a move higher to $49 now to complete the 3 drive pattern. Note
Im in GUSH, I think the best rewards will come with UWT.Note
Sector continuing to preform out of this probable ICL. Pull back here might be a 1/2 cycle low. Then higher again.Note
WTIC looks destined to $49Note
GUSH cruising to $23.35Note
Still following the gold bars higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.