ReOpen Momentum takes UsOil Higher
LONG bias
Lots of volume on Friday near June 8th High at $40.42. Late selling took her down $1. Ended week and day positive.
Break above to next higher VPOC, 7% return, 1:1 Stop.
SHORT side:
- Potential Double Top pressure could lead to short term weakness
- Any new lock down measures or fears may cause weakness
Lots of volume on Friday near June 8th High at $40.42. Late selling took her down $1. Ended week and day positive.
Break above to next higher VPOC, 7% return, 1:1 Stop.
SHORT side:
- Potential Double Top pressure could lead to short term weakness
- Any new lock down measures or fears may cause weakness
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