Oil Just Bottomed $USO

I have been looking for this candle for weeks. Oil has gone down in basically a straight line. With the reversal candle below I believe if oil has in fact bottomed you are going to see it rip up from here.

Defined Risk, with lots of Reward above. I believe this OPEC bullshit will start to play in Oil’s favor in the coming weeks.

Advertisements

One response to “Oil Just Bottomed $USO

  1. Pingback: OIL IS NOT BEARISH (Chart) | The Big Breakout·

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s