OILU is a risky high volatility ETF on oil exploration and production. Where there are risk
and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking
up through long-term anchored VWAP bands in a trend that began in mid-May. Price is
now approaching the mean VWAP lines. The POC line validates those VWAP lines coming in
at...
OILU ULTRAPRO 3X CRUDE OIL ETF
ENTRY 1 1.20
ENTRY 2 1.00
SL 0.13
TP.1 $8.00
TP.2 18.20
TP.3 28.20
TP.4 36.00
TP.5 48.00
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I like this ETF for 4 Reasons
1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February
2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36
3) OPEC and Russia have announced production cuts
4) Positive trade deal news is positive Energy news.
I'm expecting some major action...
I don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely.
Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate...
I've been watching OIL for a while now. I think the time is now to get on board. Keeping it simple. The cycle timing is right. The MACD is above zero, the PSAR is positive and the long term trend line is broken. Putin meets with OPEC today I believe. I am buying OILU instead of GUSH because the markets keep selling off, which could drag GUSH down despite improving...
Just dropped too much. The producers will get the price back up, regardless of demand- for the most part. All bets off if we have a depression type scenario though.
DUMB excited I actually found something I could get long on & not have to worry about sitting on it. I'm one of (maybe a handful?) of people that will actually describe how/why oil has the potential to see $100 (more-or-less, but potentially more) a barrel. This one is interesting, so it deserves a lecture. To start, the price of oil is less of a market...
As you can see in the chart, OILU 3x Crude Oil ETF is approaching the bottom trendline on the log chart. Usually we'll see a bounce here, if not, keep your stop loss close.
OILU (3x Leveraged Oil ETF) has reached the bottom of a 12 month trendline. Given the age of this trendline it's likely to hold and we're likely to see higher levels. This should be an easy one to trade with a tight stop.
Over sold OILU, it came completely of the vitamins. It may have a small pull back followed by some very loyal gains once it starts pushing past the EMA line and a more solid conformation of a reversal the bulking phase will begin from 38.50 to around 45
