Sending a “KISS GOOD-BYE” to Crude Oil? Large declines often take place when…support breaks, then a rally takes place to test the old support as resistance, “on the underside.” Could this be taking place in Crude oil right now? See below-
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Crude oil is testing key resistance at (2) in the above chart. For those scoring on defense (see post here) in DTO, if Crude Oil BREAKS ABOVE $83, sell the ETF!
can follow it at this link…as well as other commodities
I still feel Crude looks soft and with stocks breaking some support, DUG should do ok. Keep the stop in at all times. As you know this is a 2x inverse play.
Chris, What about DUG? Would you still be a buyer at this level for either ETF? Thanks
How do i follow Crude oil?
Can’t seem to find it on google/yahoo finance.