Dear Readers, if this support on USO fails look for 43 and 43.42 or lower 41.90! I hope note so. Good Trading
Yes, this is what was said in the comments of the Limits posting today. Take a look. So, we are now at 43 and hit 42.91. What is next if not held here? Well, you see up there! it is 41.90. Good trading
5 comments:
boris, there is huge support in that area, i would look to buy around $43 as it will almost certainly bounce off that support.
Dear Curt, what is your good judgement based on? Good Trading
Fib's, elliot wave and technical...plus trading energy for 15 yrs
but i could be wrong ;-)
We could all be wrong Dear Curt. That is good to see somebody admitting it(::). Considering how many different opinions are about wave counting and FIB applications. I would not argue with your theses. There is place for all variations of all technical methods, and as you say , none of them are infallable. The fact that 43 came up as a support on my part as well, should count two of us for this level. The turnaround time though seems to have shifted to tomorrow 11:00ET. Good Trading.
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