11/17 – ETF Trading – USO, UCO

Wow, nice one day gain on USO and UCO. We gained 2.99% on USO and 6.24% on UCO!

We took our gains yesterday at the market close as the closing prices for these etfs moved higher than their 5 day moving average and the RSI(2) moved above 70. Recall that we took our initial position at the close on Friday.

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