My last post was an error. Please disregard. The weekly $WTIC and highly volatile 2X oil UCO are near, or at a long term bottom point, or buy point with crude oil now at $72.77. All these points are off-set by the US Dollar and the $VIX volatility index now at 33.21. If they rise during this area of support, then a failure of the weekly chart may also occur.
I will be adding to my oil position near-term.
I am sorry I did not remove my last post while I could.
btrain
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
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