USOIL: Update, we picked the bottom (perhaps)

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.

매매 수동청산:

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

코멘트:

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.

코멘트:

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.

액티브 트레이드:

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