Bought 10% UCO @ $22.25 Stop $21.78 Target $25.90 Oil had a sharp stop run move yesterday morning, followed by a strong rally. Oil was due for a cycle low which we expected to come at $60.00, so this move coincided nicely with that. This morning oil dipped again, but found support right at the 200-day and 50-day moving averages. It immediately bounced there. It’s still possible that there will be a lower cycle low … read more Trade Alert
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