GUSH trade ideas
Support zoneLong from 31.10 stop loss at today's low of 30.90. Will be looking for a higher open and a reversal of the slow stochastic. Recent pull back in Brent has reached a support region. Tight stop due to negative momentum.
#Gush ... long bullish on oil conflict between the usa and iran , Venezuela , and the middle east is a problem and commodities markets love geopolitical drama
$GUSH Oversold at Support$GUSH Oversold at Support - expecting to see a bounce off 33.35 support level
GUSH-10% quickVolatile upward momentum, Quick hits
Bull flag with floor and new momentum upward, crucial space for movement
Use tools of ^price pressure^ dip= trailing buy <37.5 with stop loss at 37, Upward move, Conditional entry above green line, and trailing stop :)
ETF WTF!So we all aware of the USD is based on oil or the famous black gold that why $GUSH is one of my focus for the upcoming weeks. I'm using supports based pass structures (monthly). with the past market event over all i can see a (rotate) the technology by itself cannot move the market fuel is another way. (Oil & Gas) also if this is the beginning of a bear market because we are on critical areas that bulls need to fight. Gold, Oil, Gas, (USD) Treasuries (TMF) can be safe heavens for big institutions. remember all this can change at any time conditions are up to catalyst (News).
GUSH is starting to hit peak weekGUSH hit new lows and is looking to go up this could go all the way. It past the EMA and now looks to top up to 29 this could be a good next week, every day making gains
WAIT FOR CONFIRMATION BEFORE BUY BUT...If breaks above 'buy trend line' potential nice run upward for a R/R of 6.5 AND 28% profit
GUSH, time to go long? Looking at the chart for GUSH. I am looking for a break above the last high (green dotted line). A move higher should signal a continuation of higher highs and higher lows (red lines). I'll buy with a break above. OIL is looking good and other stocks like RIG and VLO seem to be trending higher. Wait for the break of the green line to confirm, and then set your stop just below it. It must hold.
Energy Sector GUSH trade ideaLooks like the energy sector is heating up. Oil USOIL is trending higher, and maybe the energy services will follow suit. I like the GUSH chart here, all the moving averages have turned higher on the hourly chart.
Downtrend / UptrendHere we can identify how the ETF have first an Uptrend ( blue line) and the it goes down ( yellow line).
GUSHBuying the oil services 3x ETF here GUSH. Looks to be coming off a double bottom (purple arrows) and has a bullish TSI crossover. Wish I spotted this earlier.
GUSHGUSH, is how Im going to play this move in OIL. OIL looks to be moving higher. I like GUSH as it consolidated at the 50% Fibo, it now looks to be breaking above the 50. RSI is moving from oversold. TSI looks to be crossing over positive. Ill take this as a low risk trade. Target at 124.50 stop just below the 50.
DRIP to GUSH, or Just DRIPCL1! Light crude oil futures look like they are developing a reverse head and shoulder pattern, which may continue after a correction to the 46 level with the potential to move up to 70 within in weeks. Theory is that GUSH and DRIP will respond to the pattern in CL1! Short term DRIP looks like it could be the play while GUSH moves lower to test support, if support is broken DRIP will remain the long play, if support is confirmed, will play GUSH long with a stop limit entry after the 74 dollar range has been tested, as it is perceived to have the greatest movement potential relative to the 74 dollar range, if that range is indeed hit. If predicted movement does not hold true, and movement breaks the ascending triangle in either direction, entry maybe warranted. Lastly due to recent volatility in Gold, expecting it to be present in Oil.
Slightly overdone, may get sent back.Looks overbought, with a short term correction coming up, tomorrow or the next day, long with its inverse DRIP, hedged with GUSH, then looking for a re entry at a lower price.
GUSHLooks like the energy sector is starting its next cycle move higher. The gold candles represent the last move starting around January. Energy sector runs in 30-50 day cycles. This could be a good move higher for a while.
Let us build long call position at bottomWe need to check the days till next week to see how the OIL works.
The OIL service works similar to OIL.
I will wait till then to see if we can build a big long position.
