Buying GUSH this morning to play the long on USOIL. Looks like a short term AB=CD pattern in play. $48.73 in USOIL should be the 1st target. On the daily chart %R is rising out of oversold conditions. TSI should cross soon. TSI crossed on the hourly chart.
Note
Daily chart quite bullishNote
OIL continuing to grind higher. Energy stocks aren't keeping up? Set stops in case this reverses. Note
Target was hit on the 15th. Im staying in with partial position. GUSH just isn't keeping pace with OILTrade fermée: ordre d’arrêt atteint
With the general markets moving lower, energy stocks are suffering no matter OIL moves higher. UWTI would have been a good trade, GUSH was not. Next time.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.