Oil going down

This move should be relatively quick and I'd trade in and out when needed.

Trade active

Going to take profit today near 19.80-90, I hope. I'm now seeing a correction coming before the next impulse.

Trade closed: stop reached

Going re-buy after the correction

Trade closed: target reached

I feel oil will correct strongly on friday and after the correction I may reenter drip. I'm looking for 17.50-17.30ish. Drip may reach 20.38- 22.38ish on an impulse. It's all conditional and you have to monitor the price. The general idea is that oil is going bearish. I feel the markets are done correcting dia and spy. I feel commodities are finish being bullish gold and oil and stocks will surge.

Trade active

I've reenter drip. Looks bullish on 1 hour chart.

Trade closed: target reached

I played this to the upside. It'll make another run, but I won't trade DRIP again. The low swings are too extreme and there are better ETFs for oil.

7878max

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7878max