Comments on: USO Crude Oil ETN Swing Trade Idea https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/ Stock Trading, Investing & Market Analysis Thu, 19 Mar 2020 15:02:03 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Taniaye0086 https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14429 Thu, 19 Mar 2020 15:02:03 +0000 https://rightsideofthechart.com/?p=198280#comment-14429 Mar 19, USO rising, so as crude. did you take a position?

]]> By: SurfOption https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14374 Wed, 18 Mar 2020 15:53:12 +0000 https://rightsideofthechart.com/?p=198280#comment-14374 The failed long the other day was actually the area to get short for a monster win. That was market generated info signal. Ck out the /CL chart on evening of 3/16 when the long signal post was sent.

]]> By: ixtlanian https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14372 Wed, 18 Mar 2020 15:25:29 +0000 https://rightsideofthechart.com/?p=198280#comment-14372 I have re-entered into UWT twice more for small losses. I think we might be observing selling climax. Volume & steepness of the drop seem to be consistent with the selling climax. Thoughts anyone?

]]> By: Shark friend https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14371 Wed, 18 Mar 2020 15:09:11 +0000 https://rightsideofthechart.com/?p=198280#comment-14371 No luck this time.

]]> By: Large Coffee https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14369 Wed, 18 Mar 2020 15:02:48 +0000 https://rightsideofthechart.com/?p=198280#comment-14369 stopped out.. small loss.

]]> By: Swingisking https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14368 Wed, 18 Mar 2020 14:59:28 +0000 https://rightsideofthechart.com/?p=198280#comment-14368 Stop loss target hit. Glad it was a tight stop. Moving on…

]]> By: gregorydavids@gmail.com https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14367 Wed, 18 Mar 2020 14:58:17 +0000 https://rightsideofthechart.com/?p=198280#comment-14367 In reply to ixtlanian.

UCO is trading currently at $2.60

]]> By: ixtlanian https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14366 Wed, 18 Mar 2020 14:56:14 +0000 https://rightsideofthechart.com/?p=198280#comment-14366 In reply to ixtlanian.

USO just printed 4.96, so stopped out. @rsotc – what are your thoughts? Was the stop too tight or is this something to stay away from for a while?

]]> By: drummerdave https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14365 Wed, 18 Mar 2020 14:54:50 +0000 https://rightsideofthechart.com/?p=198280#comment-14365 Well that stopped out quick.

]]> By: PWL https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14363 Wed, 18 Mar 2020 14:39:11 +0000 https://rightsideofthechart.com/?p=198280#comment-14363 I’m trying to take this trade from two of my IRA accounts. Interestingly, E*TRADE let me do it, but Merrill Edge did not: This security is currently blocked and cannot be traded in your account.

]]> By: RonkoTonko https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14362 Wed, 18 Mar 2020 14:37:06 +0000 https://rightsideofthechart.com/?p=198280#comment-14362 In reply to ixtlanian.

Be careful with leveraged ETFs. In this environment they may get suddenly liquidated.

]]> By: mSquare https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14361 Wed, 18 Mar 2020 14:35:51 +0000 https://rightsideofthechart.com/?p=198280#comment-14361 In reply to ixtlanian.

I also looked at UWT but passed seeing that it is below $1!
instead considering going to sell puts to go long. eg. April $5 PUT is currently around $0.7x

]]> By: MrBrightsideOfTheChart https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14360 Wed, 18 Mar 2020 14:33:01 +0000 https://rightsideofthechart.com/?p=198280#comment-14360 In reply to ixtlanian.

Oilu and oild by proshares is being discontinued and liquidated at the end of the month I believe

]]> By: ixtlanian https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14359 Wed, 18 Mar 2020 14:25:39 +0000 https://rightsideofthechart.com/?p=198280#comment-14359 I took oil via UWT. For some reason they avoided reverse-splitting it so it’s a penny item now. Any other options to leverage oil?

]]> By: rsotc https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14358 Wed, 18 Mar 2020 14:24:06 +0000 https://rightsideofthechart.com/?p=198280#comment-14358 In reply to Tom123.

One step ahead of you. I just posted it in a comment thread above. I had planned to include that screenshot in the USO post above but as the clock was ticking towards the 10:30 inventory report, I wanted to fire off the post in time for everyone to read through it & decide whether or not to gamble on a position in front of the report or not.

]]> By: rsotc https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14357 Wed, 18 Mar 2020 14:22:23 +0000 https://rightsideofthechart.com/?p=198280#comment-14357 Should today’s weekly inventory report spark a short-covering rally in /CL, a quick 12% rally up to the 27.50ish level would be likely. Bad report (or more importantly, a negative reaction to the report whether good or bad), the downtrend continues. 60-minute chart below.

]]> By: Tom123 https://rightsideofthechart.com/uso-crude-oil-etn-swing-trade-idea/#comment-14355 Wed, 18 Mar 2020 14:20:32 +0000 https://rightsideofthechart.com/?p=198280#comment-14355 @rsotc Thank You for the update could you add the CL chart?

]]>