A Tough Game for Swingers

Trading Russia and crude oil has been a particularly choppy proposition for swing traders of late, as both charts (using the RSX and USO proxies, respectively) are still in overarching downtrends after effective crashes, trying to base out. 

To the bottom-callers' credit, though, both crude and Russia have not been kind to bears pressing for another imminent crash since late-January. 

In particular, Russia looked like it had every chance to roll back over yesterday, into today, and RUSS was back on my radar as a way to play the short side of Russia via that bearish ETF. 

However, that did not happen, and now Russia may actually be a long setup, with RUSL on the radar a long idea. I know that sounds quite the flop-flop, but that is simply the nature in trading these types of ranges. 

On the hourly chart for the Russia ETF, below, note the tightening up of price after it failed to breakdown yesterday. 

To my eye, $17.93 and $18.07 are upside triggers of note to motivate me to look at RUSL. 

Otherwise, Russia and crude remain a tough game for swingers. 

UPDATE: I sold a piece of $DUST long at $14.91 here from $14.61 posted earlier today. Down to about 3/4 sized position now. Stop still < $14.30