If GUSH can break out @ $13 and re test that level, then we should move up to the next supply zone at $16. I'll be watching the re test at $13 for my entry.
breaks that pendant, go long to maybe about 18 bucks IMO
With OIL breaking out higher and the stock market moving higher its just a matter of time before GUSH rockets higher. MA cross indicates a BUY.
Technical Indicators The RSI isn't even close to being overly bought. Moving averages are very bullish Volume is bullish I will hop out at $14.00, although this thing will prob only see resistance at $14.22 next. What will jar me out of this trade is any sudden headline risk, or a gap down on the S&P.
Over correction to U.S. allowing Iran to export oil for 6 more months. Saudi Arabia meets with Russia. Russia has a budget surplus and Saudi Arabia potentially nearing bankruptcy in the next 2 years. U.S. pulls out of Yemen and Syria. Trump's arms deal not finalized. Saudi Arabia budget seems lofty. Saudi Aramco delays IPO. Expect more financial stress on Saudi...
ive highlighted some important numbers in the GUSH etf if crude can gain some positive traction.
$GUSH - Falling wedge into long term $15 support level. Expecting a bounce from this level in near term. Targeting $29 October gap-fill by January. Note: Informational analysis, not investment advice.
What's up with that?
Long from 31.10 stop loss at today's low of 30.90. Will be looking for a higher open and a reversal of the slow stochastic. Recent pull back in Brent has reached a support region. Tight stop due to negative momentum.
here is what i think about gush and just a perspective
conflict between the usa and iran , Venezuela , and the middle east is a problem and commodities markets love geopolitical drama
$GUSH Oversold at Support - expecting to see a bounce off 33.35 support level
Volatile upward momentum, Quick hits Bull flag with floor and new momentum upward, crucial space for movement Use tools of ^price pressure^ dip= trailing buy <37.5 with stop loss at 37, Upward move, Conditional entry above green line, and trailing stop :)
So we all aware of the USD is based on oil or the famous black gold that why $GUSH is one of my focus for the upcoming weeks. I'm using supports based pass structures (monthly). with the past market event over all i can see a (rotate) the technology by itself cannot move the market fuel is another way. (Oil & Gas) also if this is the beginning of a bear market...