The oil uptrend signal finally triggered here, after OPEC agreed to cut production accross the board today. As more details come out, we might see some kind of pullback, or not, but it's clear we have to hold our long positions for as long as possible. I'm trading the swings in the short term using
UCO, and aiming to capture the longer term trend with my
OXY and
TSLA holdings, as well as the CFD/Futures positions. Those might need to be managed more actively, taking profits, reentering, adding, trailing stops, due to short term volatility, rollovers, etc., but for now, I'm holding.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
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