Inflection point, use CL1 for technicals
With the standard rebalancing and leveraging of these products, you cannot use the DRIP technicals to find reliable trading points. CL1 is nearly a flat line, while DRIP has deteriorated downward (as it is designed to do). I am willing to sacrifice some of the profits for wishful thinking to break out higher.
*I am still long
**Stops around 88 and 86
***Might open a long oil position via UCO
*I am still long
**Stops around 88 and 86
***Might open a long oil position via UCO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.