On March 14, 24,
USOIL
broke out into highest close since November 2023, providing a buy point here with a stop loss below the support level 80.4 as shown on the chart.
Trade active:
As it moved up as expected, we moved out trailing stop to $82 which is just a little below the low of March 19
Trade closed: stop reached:
Closed the trade as the price is closed below 82.