algoview

Time to Short!

Kort
AMEX:USO   United States Oil Fund
3
The uptrend channel seems to end, it's now a good time to short with a good risk/reward ratio.
Our MACDBB still positive but did cross his lower Bolligner Band, so the short is valid.
The SuperTrend still positive, but it should change its polarity soon, and then act as a trailing stop.

Sell Stop around $35.89, target $33.86, stop loss 37.02

But beware, this is USA, very sensitive to major political and economical events, to be use with caution!
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