USOIL: This should be the bottom in oil

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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.

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

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Now 44.43, looks promising.

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Good confirmation of the up move starting.

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

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Good reentry...

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How about that?

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

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Appaling...only 19 likes.

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

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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.

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Ok, hope someone benefited from my divination. :)

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