USOIL: Update, we picked the bottom (perhaps)

3 nov. 2016

As I outlined in my futures chart, we have entered longs once again in oil near yesterday's close.
If we keep trucking, we will confirm my analysis, and probably resume the longer term 'Time at mode' uptrend signal spotted in this chart.
It not long, you can jump in, although not optimal, risk is still small. Yo be extra safe, you could wait for today's close, and then go long on a new daily high, risking a new daily low under the then lowest daily low in this down swing.

Good luck,

Ivan Labrie.

3 nov. 2016

Trade fermée manuellement

I don't like the short term chart now, I'll get out and wait for a couple days.

3 nov. 2016

Note

I got out around the entry price, clearly the right thing to do. I'm watching I'll update once we can enter longs again.

6 nov. 2016

Note

The key level seems to be holding seeing that we have no high under it.}
We might be able to go long on a new daily high.

9 nov. 2016

Transaction en cours

We bought today above the daily open, stop at today's low.