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F/U on crude oil/ UWT

Oleh goodguy
See my March post (link below) I looked for the index to likely get to the 220-224 level. It’s getting close and there is now a bearish diverg in the RSI so may get a correction soon But I would not be surprised if it rose a little more to this target zone. Watch closely for reversal pattern and consider DWT. I closed out my UWT personally when it hit the lower end of the UWT target zone. The 3X ETFs can reverse so quickly a tend to get more quickly than with the 1x or 2x.. Take care. Process your way.
Weekly chart on the left. 2day chart on the right.
Crude OilDWTTrend AnalysisUWT
goodguy

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