Comments on: USO Outlook Confirms XOP GUSH Trade https://rightsideofthechart.com/uso-outlook-confirms-xop-gush-trade/ Stock Trading, Investing & Market Analysis Thu, 05 May 2016 19:34:15 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: pangblood https://rightsideofthechart.com/uso-outlook-confirms-xop-gush-trade/#comment-1501 Thu, 05 May 2016 19:34:15 +0000 http://rightsideofthechart.com/?p=171268#comment-1501 Really like the chart for this one, considering that you have been bullish for months, looks like the tide has turned.

Thanks

]]> By: rsotc https://rightsideofthechart.com/uso-outlook-confirms-xop-gush-trade/#comment-1499 Thu, 05 May 2016 18:34:05 +0000 http://rightsideofthechart.com/?p=171268#comment-1499 In reply to jegersmart.

Crude has certainly been volatile this year & you’re right, that wild ride probably won’t end anytime soon so any energy sector related trade ideas, long or short, might not be for the faint of heart. With that being said, nothing is 100% in trading but from the looks of the charts,it looks to me that crude is heading lower with the US dollar moving higher to confirm. I’ve always stated that one should pass on a trade that doesn’t mesh with their own analysis as well as their trading style or comfort level. A short trade on XOP or GUSH, based on the fact it is both a counter-trend trade plus the recent volatility in the sector, is certainly not for everyone although someone already long crude or energy stocks might find the analysis useful in determining where to place stops or add to their position(s) on a pullback.

]]> By: jegersmart https://rightsideofthechart.com/uso-outlook-confirms-xop-gush-trade/#comment-1498 Thu, 05 May 2016 18:20:10 +0000 http://rightsideofthechart.com/?p=171268#comment-1498 At this stage, the RR looks a bit slim (bearing in mind Crude is a very hairy ride atm)?

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