With WTIC moving higher the OIL sector stocks are finally starting to react. GUSH and ERX both looks promising here. GUSH had a big day up over 10%. ERX I am looking to go long with a move over the 50sma. Tomorrow may be a buy.
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ERX at multiple resistance points. I think it breaks thru soon
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Energy sector ERX up against resistance, needs to push thru
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USOIL is still above support (purple arrow) at the 75sma. Keep on eye on that for an exit. The target price has already been hit on the AB=CD move.
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ERX is showing signs of weakness. The 9ema is crossing under the 25sma. Youll have to decide is you want to sell , or set stops.
Trade closed: stop reached:
Small loss, unfortunately
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bouncing here, didn't see this line. Maybe hope if you are still in the trade
