OILU an ETF for OIL - Leveraged and LongOILU is a risky high volatility ETF on oil exploration and production. Where there are risk and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking up through long-term anchored VWAP bands in a trend that began in mid-May. Price is now approaching the mean VWAP lines. The POC line validates those VWAP lines coming in at nearly an identical price level. On the MACD, negative amplitudes have gradually decreased in a fashion consistent with bullish divergence. The RSI indicator shows the MTF RSIs to be in mid-range suitable for taking an entry without evidence of oversold or overbought parameters. Fundamentally, a variety of factors including OPEC the re-emergence of the Chinese economy, Russia's war fear of a recession causing a decrease in demand for oil all have contributed to a mixed picture. The chart is suggesting a long trade to me and so I will take up the suggestion. I will set a stop loss at the recent pivot low of $32 while targeting the highest VWAP band at $47. I will raise the stop loss to break-even when price hits $38 while respecting the ATR and volatility. I see this as a safe trade with a potential upside of about 33%Longby AwesomeAvani112
#OILU $OILU same chart with looking mighty great return as always momentum in play , but this rise better then usual Longby mralexsellUpdated 333
OILU LONG SET UP OILU ULTRAPRO 3X CRUDE OIL ETF ENTRY 1 1.20 ENTRY 2 1.00 SL 0.13 TP.1 $8.00 TP.2 18.20 TP.3 28.20 TP.4 36.00 TP.5 48.00 act.webull.com Your free stock is waiting for you! Join Robinhood and we'll both get a stock like Apple, Ford, or Facebook for free. Sign up with my link. join.robinhood.comLongby MavRich_Trading116
OILU Oversold Bounce 25% OpptyOILU giving us a buy signal on the daily timeframe for a bounce with a potential 25% opportunity based on previous price structure. Longby coinables4
$OILU #OILU hitting some Good volume noted , as it has been in lower base for sometime now ..no position yet as of today , but will jump on it at first green candle Longby mralexsell115
OILU and general crude run-upI like this ETF for 4 Reasons 1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February 2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36 3) OPEC and Russia have announced production cuts 4) Positive trade deal news is positive Energy news. I'm expecting some major action going into the new year, tell me what you think!Longby UnknownUnicorn6138131Updated 662
Short-term Trade: OILU / USOIL Extremely Favorable Risk-RewardI don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely. Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate more and once the breakout happens go in full. Longby Ludwig_Von_MisesUpdated 13
OILU ——> $22OILU looks ready to pop. Stop Loss - 17.6 Buy- 17.80-18.3 Breakout - 19.10 Longby Hayekian_FibonacciUpdated 4
Short-Term OILU TradeEntry: 17.50 pullback & 19.15 breakout Stop Loss: 16.90 Exit: ~21.85. ~24.60 if you think USOIL will hit $59 Longby Hayekian_FibonacciUpdated 226
OIL LONG IDEAI've been watching OIL for a while now. I think the time is now to get on board. Keeping it simple. The cycle timing is right. The MACD is above zero, the PSAR is positive and the long term trend line is broken. Putin meets with OPEC today I believe. I am buying OILU instead of GUSH because the markets keep selling off, which could drag GUSH down despite improving oil prices. Longby bhoweUpdated 331
Makes a 50% retracement to where the hand is.Just dropped too much. The producers will get the price back up, regardless of demand- for the most part. All bets off if we have a depression type scenario though.by ksea2
If two birds were an entire species & the stone was a meteor: DUMB excited I actually found something I could get long on & not have to worry about sitting on it. I'm one of (maybe a handful?) of people that will actually describe how/why oil has the potential to see $100 (more-or-less, but potentially more) a barrel. This one is interesting, so it deserves a lecture. To start, the price of oil is less of a market supply-and-demand type concept. Humor me. Unless it's analysts & "professional" investors who either A) don't wana "spook the market" or B) are just, completely clueless as to just how influential the story behind oil is in the type of market we're in; not in general, but currently. I'll start off easy, that way retail / "professional" investors (you oil traders out there too) don't get too ahead of yourselves. In 2008, when crude hit $144 a barrel, it wasn't because there was UNDER-supply of oil that created OVER(whelming)-demand. Right? The majority of oil-price-predictions I've heard sound plenty alike. The majority summed up: "US supply of oil is at record highs", "dollar strength will cut demand for oil", "Saudi's will increase production to make up for Iran's decreasing production", all that. If you agree - feel free to enlighten me 1) why oil is @ a 4 year high (there's more-than-enough supply, right?) or 2) If the dollar really IS that strong, why did oil make a bottom in 2016 - the same time the dollar index topped out? I mean, the economy is booming, the fed is tightening, & we have a fed funds rate 5x fucking higher than we did in 2016 - what does it take for a FX USD bull to put some bread on the table? I haven't even begun shoving shit in anyones face / hopes / dreams of a bull market yet, so hear me out. It's ironic to me that the dollar started it's solid ass run going into 2015, because if I remember it right, I was a senior in class on twitter reading about how the government was shutting down (first time I ever heard of that). Come to find out - the U.S almost defaulted on its debt (& then the dollar surges? lol). Nonetheless, the dollar surge leads to oil plummeting ($108 -> $44). Not long after (Feb, 2015), US imposes sanctions on Russia (since Russia = one of largest oil exporters, the demand for Russian exports was supplied by "stable" U.S growth instead). Something to note - this is the same time GDP on an annual basis breached 5% for two quarters in a row (In case you ever wonder why Trump begs for lower oil prices, even though we have tHe HiGheSt sUpPLy oF oiL) <- it's because there's no demand for our fucking greenback. But check me out because markets work how markets will work, we saw that in 2014-2016 when our dollar surged without interest rates having to flinch. Rather than factor (say, the strength of) the dollar into oil, lets factor the supply-&-demand of oil to see how that potentially impacts the USD / inflation / interest rates. If you didn't know about the U.S becoming the #1 exporter of oil in 2018, you do now. But if you think that's impressive, you'd probably be mindblown @ the fact that U.S production of mining crude oil is officially the highest it's been since the 70's!!! Not the 1975 stagflation era, or the 1973 oil embargo, just, the couple years right before it!! Just thinking about it - it's, really actually something that makes me uncomfortable to think about; oil strength led by dollar weakness would be normal in a downturn, really. Dollar weakness led by oil strength, I mean. It's surreal to think about. But I'll explain why (I feel like I'm about to shit on my own life) At this point, I'm confident that 0 people I've heard comment about the fed hiking interest rates (despite the lack of inflation data to suffice) actually understand even slightly, the concept of credit, especially in the form of interest rates. I'll make this quick, but summed up, this is the avg belief: 1) "Inflation = higher prices" 2) "Higher interest rates = stronger currency = lower prices (inflation) + higher unemployment" 3) "Lower interest rates = weaker currency = higher prices (inflation) + low unemployment". This is common sense: 1) You go into a car dealership, you pay $25,000 cash for a brand new 2018 Prius. No debt = no interest payment. 2) You open up a business w/ help from a business loan. You increase the price of your goods because A) You think that'll help you compete with walmart B) Interest rates are rising - you need to pay more $ on your debt 3) Obama inherited a recession, increased taxes, cut spending, almost defaulted on Bush's debt because he didn't agree w/ the spending plan, had 3 quarters of 4+% GDP growth, and year after year - decreased the amount of debt the U.S owed globally. 4) Trump inherited a _____ economy, turned it into a bull market, cut taxes, splurged on the deficit, we're now in a bear market, & he blames the federal reserve because he has to pay money on his debt. But meanwhile, since unemployment is LOWEST ITS BEEN SINCE 1969, THE FEDERAL RESERVE HAS 0 REASON TO SLOW DOWN ON HIKING RATES, especially if the deficit grows by 17% within 3 quarters of his 2nd year. This is getting too long, I'm done. There's more but, fuck it. I got annoyed just thinking about all this. But here's a graph that shows US crude production since 1969. If this doesn't rhyme with stagflation I mean, it fucking rhymes with stagflation idk what else to say. fred.stlouisfed.orgLongby DerekD_Updated 333
Crude Oil ETF OILU - Long OpportunityAs you can see in the chart, OILU 3x Crude Oil ETF is approaching the bottom trendline on the log chart. Usually we'll see a bounce here, if not, keep your stop loss close.Longby ttrendingUpdated 2
OILU Reaches Bottom of 12 Month TrendlineOILU (3x Leveraged Oil ETF) has reached the bottom of a 12 month trendline. Given the age of this trendline it's likely to hold and we're likely to see higher levels. This should be an easy one to trade with a tight stop. Longby ttrending111
OILU Loyal Oil GainsOver sold OILU, it came completely of the vitamins. It may have a small pull back followed by some very loyal gains once it starts pushing past the EMA line and a more solid conformation of a reversal the bulking phase will begin from 38.50 to around 45Shortby Thisguy22Updated 2
OILU Shifitng to the upside 4 hour Time FrameOn the 4 hour tame frame, OILU has been making higher highs and higher lows over the last week. Momentum has just shifted to the upside again so looking for a initial price target of 24.50.Longby Tradersday1