Apr. 23 at 7:51 PM
$USO $CL
Stayed positioned long from the mid-
$50S area and added exposure again near the ~
$80 zone during the recent consolidation phase.
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Now we’re roughly +
$20 higher from initial positioning, and price action is still trending rather than showing exhaustion — dips are getting absorbed instead of rejected.
From a trading perspective, this is classic momentum continuation behavior: trend + macro tailwind + no meaningful distribution yet.
As long as structure remains intact and higher lows continue to form, this move still looks like it’s in expansion mode rather than late-cycle topping.
Not chasing here — just managing a trend that continues to confirm itself.
