USO uwt DDWTUSOIL Took a short position yesterday (3-21) based on this broadening pattern. It will probably spike up a few times but I suspect it's going down down
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turning point here?
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sold my short at break even, just took larger position short here 4/2. Oil looks like it's sticking its neck out here and I would advise caution if you're a buyer:
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TL 'fixed' a little here. I can't help but take that stoch/rsi seriously:
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Weekly chart on oil- Possible huge descending triangle where D is done.. The next fall going to bring those 27-30 low? at E? It is surely possible:
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Oh bravo oil.. bravo. You're still going down:
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fake out or real break out.. let's find out:
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?
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This has been retardedly bullish and I'm quite skeptical of more strength.