Oil Markets/Price Zones amid Current Market Sentiment/Mood

Hey Traders,

Oil opened higher as market sentiment feeds in and traders buy on fears of supply problems.

This can cause rapid movements up or down, and it's a good idea to be prepared for them.

Here's my labelled price zones to note.

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Hold any relongs till further TGT.

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Looking to Re long.

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If you exited prev ^

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Eyes on sentiment RE iran.

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Further Re longs light.

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Maintaining on long bias (Prev hit support)

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Holding into today.

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Exit for gains.

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Re long entries appropriate on key techs.

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Still maintaining long bias into mon.

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Still maintaining ^

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Lock in gains. Re shorts higher.

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Much higher^

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Sentiment still support USOIL. Willing to continue to hold off until key long Term PA.

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Very light longs OK.

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Exit light longs, re shorts applicable.

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Maintaining only very light short bias (incase of surge in mkt sentiment upside).

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Exit for gains. Re longs applicable on upside momentum gaining.

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Holding off shorts due to renewed momentum upside.

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Very light re longs further.

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light longs ideal on various tech conf factors.

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Continued bias.

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Exit longs for gains again.

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Shorts entered NO1.

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Out shorts, light longs reasonable here