USOIL Long. I am looking for USOIL to continue upwards and a break of 62.50 opens the door to low to mid 70s. Big players are buying while retail is still shorting oil on the way up gives me a further bullish outlook.
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I do see the dollar DXY strengthening over the next few days and possibly into next week. I will be scalping long dollar until a short opportunity presents itself. The longer term bearish dollar DXY view is still in tact.
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I have added longs to USOIL , still very very bullish.
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