USOIL: This should be the bottom in oil

I'm entering longs on strength, once we break out from the linear regression channel here, the long will be safe.
The options expiration support level and the yearly SMA give us a some peace of mind as well.
Good luck,

Ivan Labrie.

註釋

This is what I wanted to see, already in profit.

註釋

Now 44.43, looks promising.

註釋

Good confirmation of the up move starting.

註釋

s3.amazonaws.com/tradingview/snapshots/e/e7CcmNDe.png

註釋

Good reentry...

註釋

How about that?

This WAS the bottom in oil, I'm 90% sure.

註釋

Appaling...only 19 likes.

bloomberg.com/news/articles/2016-11-21/putin-sees-great-chance-of-opec-deal-as-moscow-ready-to-freeze

註釋

bloomberg.com/news/articles/2016-11-21/oil-climbs-as-iran-iraq-signal-deal-hope-before-vienna-meeting

...headlines starting to pop. As expected, Saudis want higher prices, and we're stuck in a range, so, again, buying the bottom of the range, against support works.

Now, let's time the exit. That will be tricky.

註釋

Ok, hope someone benefited from my divination. :)

註釋

Sold that one, reentered and now we're cooking with gas.