USOIL: This should be the bottom in oil

14 בנוב׳ 2016

I'm entering longs on strength, once we break out from the linear regression channel here, the long will be safe.
The options expiration support level and the yearly SMA give us a some peace of mind as well.
Good luck,

Ivan Labrie.

15 בנוב׳ 2016

הערה

This is what I wanted to see, already in profit.

15 בנוב׳ 2016

הערה

Now 44.43, looks promising.

15 בנוב׳ 2016

הערה

Good confirmation of the up move starting.

18 בנוב׳ 2016

הערה

s3.amazonaws.com/tradingview/snapshots/e/e7CcmNDe.png

18 בנוב׳ 2016

הערה

Good reentry...

21 בנוב׳ 2016

הערה

How about that?

This WAS the bottom in oil, I'm 90% sure.

21 בנוב׳ 2016

הערה

Appaling...only 19 likes.

bloomberg.com/news/articles/2016-11-21/putin-sees-great-chance-of-opec-deal-as-moscow-ready-to-freeze

21 בנוב׳ 2016

הערה

bloomberg.com/news/articles/2016-11-21/oil-climbs-as-iran-iraq-signal-deal-hope-before-vienna-meeting

...headlines starting to pop. As expected, Saudis want higher prices, and we're stuck in a range, so, again, buying the bottom of the range, against support works.

Now, let's time the exit. That will be tricky.

21 בנוב׳ 2016

הערה

Ok, hope someone benefited from my divination. :)

30 בנוב׳ 2016

הערה

Sold that one, reentered and now we're cooking with gas.