Yesterday and today I mentioned I thought both of these would see further upside today, if you managed to hang in there and I know from emails that some of you did, you have a further gain today. However, I would not take these for granted. I would definitely have a trailing stop and probably take some profits off the table going into the weekend. The CME always runs their margin hikes after hours.
From a short term perspective, which is about as far as I think it's prudent to go with either of these, the 3C charts look a bit stronger in USO then PSLV. Of course, PSLV moves a lot more in terms of % moves. If you want to take your chances with the margin hikes, on a longer term 3C perspective, PSLV actually looks quite strong.
5 years ago
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