USOIL: Longs are viable..
Updated
We just need to find a good entry in the daily chart, this might be a good trend to ride going into 2021.
Constructive action overall, and also a net positive for
TSLA shares, solar emerging markets and others...not good for airlines though.
If this uptrend pans out, it'll end up hurting the economy badly once the effect is felt on earnings.
Tim West recently explained this very well (once again) in his publication. See related ideas.
Cheers,
Ivan Labrie.
Constructive action overall, and also a net positive for
TSLA shares, solar emerging markets and others...not good for airlines though.If this uptrend pans out, it'll end up hurting the economy badly once the effect is felt on earnings.
Tim West recently explained this very well (once again) in his publication. See related ideas.
Cheers,
Ivan Labrie.
Comment
CEO acquired all of Exxon's assets in Argentina and other countries in the regionchart looks decent.
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Trade active
I'm long after price made a new high today: #USOIL monthly forecast will confirm after November ends Comment
Next target for #USOIL is a rally towards 61.47 by mid December unless prices go below 56.61 Comment
Longs in oil and energy stocks are still viable, specially after the dip going into today's bottom.Comment
Terminal pattern in 
PBR maybe: Comment
USOIL facing serious difficulties here, can't break over the Houthi drone attack key levels3.amazonaws.com/tradingview/snapshots/a/Ai6kBtCg.png
I think until it moves over this level it will be safer to buy oversold and sell overbought rallies in oil and oil stocks.
Trade active
#USOIL has big potential here, ideally it shouldn't go back below today's open to be safe First time over the Houthi drone attack level.
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#USOIL might be trending here, but the scale is quite large, long term charts are logical, shorter term charts present more challenges, will be good to buy when daily looks awful Comment
Looks good so far.
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PBR is up since I pointed out the falling wedge pattern: Comment
Oil can now break away from the resistance level from the Drone attack day high...Today's move indicates we may see much higher prices indeed...I sold half of my short term position, holding a core position for larger gains.
I'll be a buyer on short term dips as well.
Trade active
I bot back my full position in oil now: Trade active
s3.amazonaws.com/tradingview/snapshots/t/TFC9huFd.pngLongs are viable again.
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