Trading Log: $GDX,$USO looks a good play for next week

Posted by Drizzt
May 24, 2009

I am surprised by the strength of the gold stocks really. My GDX trade end up in 8% profits but the stupid thing is that on exchange rates i gave back nearly 4%!

Trading Log: $GDX,$USO looks a good play for next week gdx240509

However, we see an inverted hammer from friday’s close. RSI looks overbought. we will hope that it retreats back to the 39 dollars region which will be a good entry point for me.

Trading Log: $GDX,$USO looks a good play for next week
Trading Log: $GDX,$USO looks a good play for next week pixel

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Technical Analysis, Trading Log

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