CLICK ON CHART TO ENLARGE
We are owners of DBC and suggested yesterday to pick up UCO (2x Crude Oil ETF). The “Power of the Pattern” was suggesting an upside breakout was at hand and that odds favored investors should buy this ETF. (see post here) So far so good, per an upside breakout for UCO!
Game Plan….Am an owner of UCO and place the stop just below support line (1).
Could this breakout have an impact on stocks? Possible! See this post for a sector that it might be today. (see post here)