iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Added Back to Crude

I like what I am seeing from the crude oil ETF since its breakout last week, avoiding a gap-fill lower and now pushing higher yet.

The 30-minute chart, below, for the crude ETF shows a base breakout potential for a secondary thrust higher.

As a result, I added back to my UCO levered long inside 12631, raising my stop-loss to my original entry in the $37 range.

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USO

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