could be lower risk buy down here given the XLE vs USO
outperformance. The question is does USO need to tag that 200 day
MA below or not, not to far away. Again depends on your trading
style. If you are trying to time one purchase you may want to wait
for a trigger. If you are okay scaling in some over time and
willing to be early might make sense such: an example of a scale
would be buying 1/3 now, buy another 1/3 if price dumps down again,
buy another 1/3 after a good trend reversal confirmation
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anyone jumping into USO down
Posted by flredsox on 13th of Jul 2022 at 10:45 am
anyone jumping into USO down here?
could be lower risk buy
Posted by matt on 13th of Jul 2022 at 10:48 am
could be lower risk buy down here given the XLE vs USO outperformance. The question is does USO need to tag that 200 day MA below or not, not to far away. Again depends on your trading style. If you are trying to time one purchase you may want to wait for a trigger. If you are okay scaling in some over time and willing to be early might make sense such: an example of a scale would be buying 1/3 now, buy another 1/3 if price dumps down again, buy another 1/3 after a good trend reversal confirmation