A lot more selling to come. Target of $48 USOIL. Consevative target of $50.
It looks like this price target could come very fast. So far USOIL & OILD has moved much faster than I anticipated, which is good. What I thought would take 2 weeks only took 2 days (40% move on OILD). This is why its important to do most of your charting & creating your action-plan on the weekend!
I’m gonna be short until USOIL hits $35 OILD.
Not investment advice. Merely for educational purposes.