LuckyDinAZ

Over correction = Short term buying opportunity

Long
AMEX:UWTI   None
3
Possible over correction occurring in oil, will be looking for a stop limit entry above the current price, likely 19.70. Price may move sideways, but the buying opportunity seems to be increasing if it is going to be moving into a channel. Prior support has been broken, this can be validation that the prices are going to be moving lower, or its being oversold, currently leaning to over sold.
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