$MUR analysis:
A nice week too for $MUR. My re-entry target is around $13 dollars. This price represents our old resistance, the 0.382 retracement level, and the Lower BB. If oil corrects I'll not be surprised to see this price again.
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$GUSH analysis:
What a week. I sold mine at $66.7 after we reached an overbought RSI value at 70 on the daily. I believe that oil and the S&P 500 are now correcting. Gaps have to be filled and my re-entry target is $42, our old resistance, and the 0.618 level.
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We reached our target for $GUSH!
On the 45min chart, we are above the upper BB, reminding us to not be greedy.
However, daily RSI is at 50 + really nice volume. Can we break through $42?
This morning will be interesting to watch.
#stocks#oil#trading $MUR #ETF#WTI#USO
$GUSH analysis on the 1h:
Bounced from the 0.236 level. RSI reached 30. Last time it was that low, we went from $27 to $38 in less than a week. Target at $42, around the upper BB.
However, it will be interesting to see how the market will react to this weekend events.
#oil#ETF