RE:Technicals checking in :)valmeidan wrote:
So Macd on this is still showing a drop to finish, however past few days I have also seen 1.60 touch and then go back up. Is this the new bottom for now? I feel that being in at this point over the next few weeks is safe, but these ETF's do not follow alot of logic and in this case OIL for now.
Safe until the premium resets to the NAV. Which none of us have any clue how that will happen. I'm on hold right now and will ask that exact question to share with the board.