Kinda early to say reversing, but does look to be forming a green hammer on the daily chart. I took my UWTI profits and picked up a small position of DWTI. Still bullish long term, just waiting for the next entry. I think a pullback down to $48.xx would still be healthy for UWTI.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.