Loading ...UWTI 60…
I am reading the charts same as Tim; thus, went long EOD…One trade at a time…
Also, this is taking the shape of an ascending triangle which has bullish potential…
http://stockcharts.com/h-sc/ui?s=UWTI&p=60&yr=0&mn=3&dy=0&id=p48767289959&listNum=1&a=412212376
Hey, glad to hear I’m not imagining things. I sold off DWTI but didn’t have the conviction to go UWTI. Incidently, $59.50 is right on where the 17 year trend line is today.
Also, SVXY looks like it’s set to bounce off it’s trend line.
$59.62 CLOSE 🙂
I did hold onto my UGAZ…
UWTI 60 has a developing RSI neg divergence forming and it cannot get over resistance…
Yeah, it’s not quite what I expected. Probably best to watch and see what happens. It’s standing still for a day just like DWTI did yesterday. Absolutely trendless. A bit like some of the recent days with the gold miners.
Also, the TRIX 15 is flat on the hourly for WTI. I’ve never seen the TRIX go completely trendless like that.