12/11 – ETF Trading – USO, UCO, FXI

We’re into a full trading position for USO, and/or UCO.

FXI moved a bit lower yesterday, and we scaled into a second trading position. Take a third trading position if FXI closes lower still.

Otherwise, we’ll wait for the market to move higher from here. Our exit signals are triggered when the etf price is greater than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

All trades are at the market close. Please trade responsibly!

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