OILU Reaches Bottom of 12 Month Trendline Lång

MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETNArca

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⋅ 8 jun 2018 22:23

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.

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ttrending

⋅ 22 jun 2018 16:03

OILU dropped below the trendline and came back up again for a retest. If the test fails, this might be a good short entry.

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