USOIL: Short term update
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USOIL has filled our limit buys to take a short term long position, while we hold our weekly buys, and the add on we took recently. We have a validation target that needs to be hit within the next 2 days now.
Tomorrow and until Friday, we have very data and news heavy days, so we can expect a sizeable move here, maybe even a make or break moment for this uptrend. If we respect the validation target, we can safely hold longs, if not we'll have to study price action closely, since we might embark in a correction in oil's uptrend.
Good luck,
Ivan Labrie.
Tomorrow and until Friday, we have very data and news heavy days, so we can expect a sizeable move here, maybe even a make or break moment for this uptrend. If we respect the validation target, we can safely hold longs, if not we'll have to study price action closely, since we might embark in a correction in oil's uptrend.
Good luck,
Ivan Labrie.
Nota
Almost stopped but still in the last entries.Monitoring closely, important data coming out today.
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