Long USOIL for a 10%+ MOVE Lång

WTI CRUDE OILTVC

Beskrivning

⋅ 3 feb 2020 14:33

It took 15 days for USOIL to lose all the gains in Q4 2019 and the price is right back at the 51 level, which was defended successfully 4 times.

⋅ 4 feb 2020 06:03

Price broke the 51 support and touched the 49 handle. That could have been a stop-loss hunt to get their long orders filled for a big move up.

Kommentarer

kweiss

⋅ 3 feb 2020 14:42

4 times may be the charm. It may not hold this time. The virus news is making markets panic a lot

Mart_Rosenfeldt

⋅ 3 feb 2020 17:40

@kweiss, this is a huge overreaction. All CB-s are still printing and China is injecting liquidity. Only a matter of time before OIL is back at $60.