Impressive action in black gold today, as it tries to emerge from its weekly chart consolidation, seen below. More on this later tonight or tomorrow morning.
UCO is back on my long radar.
What are you trading in the final hour?
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I am initiating a position and going long your Milkshake.
Slowly accumulating Aug. put options in EXEL. Bear flag forming (low volume bounce from Thursday low). Setting up for continued weakness. One of my favorite plays. The gift that keep giving 🙂
Wrote some calls today on EXEL as well. further out though $$
EXEL backtesting the 50 EMA as I type on low volume. Low risk spot to short here. $$$$$$$$