UCO: Buy at the open

UCO has an interesting setup to go long at the open, ideally if we make a new daily low here. We can enter at the open, but it'd be nicer if we hit 8.91, risking a drop to 8.35.
Upside is considerable, and this ETF uses up half the cash compared to UCO, so it's a good vehicle to ride the post-OPEC meeting rally -if correctly diagnosed-.

Good luck,

Ivan Labrie.

Yorum:

If you followed my trade here, you're up big time. Premarket: 9.85

İşlem elle kapatılmış:

Sold at 9.85. I'll wait to reenter tomorrow if we get a dip...if not, I'll buy back if above my exit on close.

Yorum:

I'm holding futures/CFD longs, and OXY shares. We have potential for considerable upside here, so, we can look to reenter tomorrow, if we get a dip, if not, we are forced back in as well, risking a drop to the initial entry, with the same size.

İşlem elle kapatılmış:

I sold OXY and all positions 2 days ago.