UCO popped in April and then dropped into a consolidation in May and June where it set up a base shown by the POC line on the volume profile. Once over the POC on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210 combination the bull trend began. The dual time frame RS lines in the 60s suggest more to come. I am trading UCO and...
OILU is a risky high volatility ETF on oil exploration and production. Where there are risk and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking up through long-term anchored VWAP bands in a trend that began in mid-May. Price is now approaching the mean VWAP lines. The POC line validates those VWAP lines coming in at...
VANTAGE:USOUSD With the news catalyst of massive new open leases on federal land for USOIL and the big oil companies USOUSD has reacted with a big uptrend. with major resistance 3 to 4 percent higher this may continue. This seems to be a good setup for a swing long trade on USOUSD and potentially any of the big oil stocks.
Excellent short setup on Natural Gas! Waiting for the 7.5 Level to Short! Also SUMMER is here in USA and across the Globe...
OILU ULTRAPRO 3X CRUDE OIL ETF ENTRY 1 1.20 ENTRY 2 1.00 SL 0.13 TP.1 $8.00 TP.2 18.20 TP.3 28.20 TP.4 36.00 TP.5 48.00 act.webull.com Your free stock is waiting for you! Join Robinhood and we'll both get a stock like Apple, Ford, or Facebook for free. Sign up with my link. join.robinhood.com
OILU giving us a buy signal on the daily timeframe for a bounce with a potential 25% opportunity based on previous price structure.
Good volume noted , as it has been in lower base for sometime now ..no position yet as of today , but will jump on it at first green candle
NINE Energy sells specialty drilling equipment and customer are turning very profitable vs might go out of business at $55/barrell is now coming full circle with breakout from falling wedge. NYSE:NINE
I don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely. Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate...
Retraced 61% looking for 50 % next then will enter a significant long position through the end of 2019.
Entry: ~52.80 Exit: ~56.90 Aggressive Exit: ~59 Stop: ~51.93 If the bottom purple trend line gets broken at about 51.93, sell that and look to enter a short position. Chart will be updated as new information comes in.
Entry: 17.50 pullback & 19.15 breakout Stop Loss: 16.90 Exit: ~21.85. ~24.60 if you think USOIL will hit $59
I've been watching OIL for a while now. I think the time is now to get on board. Keeping it simple. The cycle timing is right. The MACD is above zero, the PSAR is positive and the long term trend line is broken. Putin meets with OPEC today I believe. I am buying OILU instead of GUSH because the markets keep selling off, which could drag GUSH down despite improving...
As you can see in the chart, OILU 3x Crude Oil ETF is approaching the bottom trendline on the log chart. Usually we'll see a bounce here, if not, keep your stop loss close.
OILU (3x Leveraged Oil ETF) has reached the bottom of a 12 month trendline. Given the age of this trendline it's likely to hold and we're likely to see higher levels. This should be an easy one to trade with a tight stop.