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Forum - VelocityShares 3x Long Crude Oil - UWT   

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From: mykD (Rep: 15) reply to hokk124Date: 05/02/2019 15:01
Forum: VelocityShares 3x Long Crude Oil - Msg #101Thread #674079067 (Rec: 0)
Re: $62 was an important support level that got taken out.

$62 wasn't a red line though. If you draw support since January you'll see it bounced off of it perfectly today. Granted, today's bounce was off of the bottom-most support, but still, it held. I added my last bit of UWT today for the next run up. This is about as safe a trade as you can get.



...and I'm about to get money!


Reply to hokk124 - Msg #2785305 - 05/02/2019 14:56

$62 was an important support level that got taken out.
Venezuela coup failed but news of Saudi Arabia taking over Iran's supply took crude down hard for the time being.
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