Subscribe in a reader Crude is testing support around $92/$93 level.
ITZ gave a buy on crude via Proshares Ultra Crude Oil ETF (UCO) a few weeks ago LINK
Legging in with 1/4 position entries, $29.25, $29.60 & $30.30.
Over the last few weeks, crude has been pressured to the downside as the U.S. brokered a nuclear deal with Iran. Which many remain skeptical of... Read
American Petroleum Institute late Tuesday reported a 6.9 million-barrel jump in crude supplies for the week ended Nov. 22 Read
U.S. Energy Information Administration showing that crude supplies climbed by 3 million barrels for the week ended Nov. 22. Read
Check out this report from Dan Dicker Read
5 comments:
ITZ was stopped out of UCO Dec 13th @ $31
http://itzstockchartz.blogspot.com/2013/11/time-to-start-getting-long-crude.html?showComment=1386954742830#c2593586886175164822
ITZ is now re-entering Proshares UCO with a 1/2 position @ $31.50 STOP SET @ $31.
Raise stop to $31.50
Raise $UCO STOP from $31.50 to $32.50
Adjust $UCO higher again from $32.50 to $32.90
Sorry, forgot to posy yesterday, but $UCO exited/stopped out @ $32.90 Monday morning. Entered 1/2 position on Dec 5th @ $31.50, +$1.40 or +4.4% in 12 days.
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