F/U on crude oil/ UWT
See my March post (link below) I looked for the index to likely get to the 220-224 level. It’s getting close and there is now a bearish diverg in the RSI so may get a correction soon But I would not be surprised if it rose a little more to this target zone. Watch closely for reversal pattern and consider DWT. I closed out my UWT personally when it hit the lower end of the UWT target zone. The 3X ETFs can reverse so quickly a tend to get more quickly than with the 1x or 2x.. Take care. Process your way.
Weekly chart on the left. 2day chart on the right.
Weekly chart on the left. 2day chart on the right.
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