Comments on: Crude Oil Update: USO DWTI UWTI CL https://rightsideofthechart.com/crude-oil-update-uso-dwti-uwti-cl/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: retireat60 https://rightsideofthechart.com/crude-oil-update-uso-dwti-uwti-cl/#comment-806 Wed, 20 Jan 2016 17:33:31 +0000 http://rightsideofthechart.com/?p=169416#comment-806 OK, thanks for the feedback. USO sure looks like it wants to go lower.

]]> By: rsotc https://rightsideofthechart.com/crude-oil-update-uso-dwti-uwti-cl/#comment-805 Wed, 20 Jan 2016 15:30:11 +0000 http://rightsideofthechart.com/?p=169416#comment-805 retireat60- Crude is dead to me (just kidding). I covered half of my DWTI short yesterday once USO broke below the suggest stop of 8.54 but in a perfect example of undisciplined trading, I’m paying the price today for not just closing it all as was my plan (the stop criteria were posted yesterday morning). My plan will be to close the rest of the position by the close today UNLESS USO reverses and goes (and closes) green for the day… which is very unlikely based on the fact it is currently trading down 3.65%. That would be one heck of a stick-save but if it did happen, it would print a very bullish reversal candlestick. Again, very unlikely to happen but on the flip-side, it has probably already seen all or most of it’s losses for the day so I’m willing to sit tight plan/hope to cover at a better price before the close today.

]]> By: retireat60 https://rightsideofthechart.com/crude-oil-update-uso-dwti-uwti-cl/#comment-804 Wed, 20 Jan 2016 14:57:57 +0000 http://rightsideofthechart.com/?p=169416#comment-804 Hi Randy, have you stopped out of your DWTI short or giving it a little more room?

]]> By: jupiter https://rightsideofthechart.com/crude-oil-update-uso-dwti-uwti-cl/#comment-799 Tue, 19 Jan 2016 17:28:16 +0000 http://rightsideofthechart.com/?p=169416#comment-799 Hi Randy,

USO has those K-1s at tax time. What do you think about using XLE instead? Thank you.

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