Oil Price Spike?!?

I'm seeing a big spike in USO, both in price and volume.

Volatility halt!!!

...some news come out?

 

trump tweet....likely to come crashing down if just another lie

 

Thx, got it.

 

We were following GUSH USO HAL OXY in my chatroom today. It'll be interesting to see if pop n drop or closes at highs.

I got stopped out last couple weeks trying to bottomfish oil so I'm cautious now

 

I just cost-averaged.

 

I dumped it at around 22.20 or so as I had a feeling it was going to drop. God do I regret that now.

 

Bloomberg said this morning that china is buying when it was 10% up . Wsj is writing about US Intervention when it was 10%up. Now trump tweet. Mix of things but that last 15% came from trump

 

Don't regret anything... this market is whipsawing around like a wild snake. There's plenty more opportunity.

 

I think you are correct. The volatility is fraying my nerves. Hopefully it pulls back a bit again.

 

I' have 2 long positions I opened up around 20 and 21,50. Waiting for a 30ish lvl. This lvl right now is unsustainable