Oil had a nice rip during the second half of the week. Was looking for the VWAP to break but the resistance was just too much and it faded the rest of the day. This was the second or third day of a huge oil run after getting beaten down so hard lately. Going to keep an eye on this going into next week.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-22 10:24:18 | OAS | buy | $5.720 | long |
2016-01-22 10:54:02 | OAS | sell | $5.681 | 0 |
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I think the setup was a short on the daily chart when the price gapped up and ran into the 20SMA, then bounced.