TradersForecast

bullish NRGU (OIL) based on pitchfork analysis

Long
AMEX:NRGU   MicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU reached support pitchfork lines both on daily and weekly and is likely to bounce up.
Trade closed: target reached:
NRGU now at 344.71 (price when I posted the idea was 328.50). The shorter term move is to close the position now but I'm still bullish on it long term.
Comment:
I expect NRGU to fall tomorrow, now 341.50, see my NRGD idea:

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