Comments on: /CL USO Crude Short Trade Idea 4-9-26 https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/ Stock Trading, Investing & Market Analysis Thu, 09 Apr 2026 16:53:31 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38607 Thu, 09 Apr 2026 16:53:31 +0000 https://rightsideofthechart.com/?p=219794#comment-38607 /CL 1st price target hit for a quick 5% profit 

]]> By: Jspassar767 https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38606 Thu, 09 Apr 2026 16:45:11 +0000 https://rightsideofthechart.com/?p=219794#comment-38606 In reply to rsotc.

Appreciate the advice Randy. I am more prone to not chasing this . Right or wrong, I will use some patience here. Thanks!

]]> By: rsotc https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38604 Thu, 09 Apr 2026 16:26:41 +0000 https://rightsideofthechart.com/?p=219794#comment-38604 In reply to Heinz.

Yes, that’s one reason, in addition to the technicals, that I shorted crude today, as I’d like to see how the stock indices close the week (4 pm Friday) before doing much on my equity shorts. Just like the days leading up to the big reversal in crude & the stock market in the after-hours session on TACO Tuesday, I am once again using crude as an indirect hedge to my index shorts, which is working perfectly (again) so far today.

]]> By: rsotc https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38603 Thu, 09 Apr 2026 16:22:48 +0000 https://rightsideofthechart.com/?p=219794#comment-38603 In reply to Jspassar767.

You’re not going to like this, but I might be a buyer of INTC at 34 (a 45% drop from current levels). INTC has a steep uptrend line off the recent lows & big negative divergences on this marginal new high.

All I can do is give you my opinion, right or wrong & that would be to wait to see how the market and the semi sector closes out this week (Fri 4 pm) before deciding to chase INTC here.

Last Monday, when QQQ hit my T2 on the daily chart & a bounce was likely, was the last objective long on INTC (and the semis), IMO, but the stock has ripped up 51% since then. Personally, I wouldn’t buy it here with your money, but again, that’s just me.

INTC has decent support just above 51, so if you want to take a shot there with a stop somewhat below 51, that would be objective, IMO. Good luck & sorry I can’t be of more help on that one right now.

]]> By: rsotc https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38602 Thu, 09 Apr 2026 16:15:35 +0000 https://rightsideofthechart.com/?p=219794#comment-38602 In reply to hotrodricky.

Modified it to a weekly close in the video I just posted after this post: https://rightsideofthechart.com/stock-market-crude-oil-analysis-4-9-26/

I wanted to keep the video short, so I didn’t spend time covering the top 10 or so semis, but just about all of them are backtesting significant support.

]]> By: @GEOTRDR https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38600 Thu, 09 Apr 2026 16:02:10 +0000 https://rightsideofthechart.com/?p=219794#comment-38600 In reply to @GEOTRDR.

Not chasing it here though….

]]> By: @GEOTRDR https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38599 Thu, 09 Apr 2026 16:01:20 +0000 https://rightsideofthechart.com/?p=219794#comment-38599 QQQ…believe,,….:)

]]> By: Heinz https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38598 Thu, 09 Apr 2026 15:55:33 +0000 https://rightsideofthechart.com/?p=219794#comment-38598 If Crude goes down, especially on news triggered event, that would be bullish for equities. We are very close to your resistance line on NQs (615 on QQQs), if equities sustain a break through that level, it would add fuel for the bullish case.

]]> By: Jspassar767 https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38596 Thu, 09 Apr 2026 15:13:50 +0000 https://rightsideofthechart.com/?p=219794#comment-38596 Randy was wondering if you see the breakout on intc (Intel) as lasting and if you feel there is a big gap to fill . It broke out recently and im looking for a “long” entry point.

]]> By: hotrodricky https://rightsideofthechart.com/cl-uso-crude-short-trade-idea-4-9-26/#comment-38595 Thu, 09 Apr 2026 15:03:48 +0000 https://rightsideofthechart.com/?p=219794#comment-38595 Looks like your stop on soxx might get clipped on the close, 372.80. Are you standing by that stop loss target?

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