USOIL: This should be the bottom in oil
Updated
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.Comment
Now 44.43, looks promising.Comment
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. :)Comment
Sold that one, reentered and now we're cooking with gas.
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