Crude oil is staging a snapback rally today.
On the USO ETF 30-minute chart, a move over $36.56 appears to be the next level to clear for buyers to sustain a further rally. UCO is the levered long ETF for black gold.
Overall, crude has been sluggish as the summer progressed, and is trying to stage an August relief rally. Keep tight stops in there as bulls are still far from in control on various timeframes.
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Great movie. Loved the different music.
Music was strong.
Any thoughts on a biotech EXEL here? Showed up only scan of heavily shorted stocks. TY!
Can squeeze over $4.50.
Posted this link on OA’s blog post, but I remember you saying you used to play poker, so I’m sure you will appreciate the metaphor of pot odds in relation to trading.
Part 1:
http://ibankcoin.com/hattery/2014/08/01/trading-systems-part-1-pot-odds-and-trading/
Part 2 just posted also.
Very nice, thanks.
Chess, apologies for asking this on an oil post, but how do you feel about the UNG here?
Move over $22 next to clear, Unc.