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pparmy1991
6 Th04 2017 04:44

Pending short, trend is changing Giá xuống

WTI CRUDE OILTVC

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Seeing divergences on both RSI and MACD. Wait for a flag & break out of trend line. It will be easier to set a stop loss after the break out.

TP1: 49.5 area
TP2: 48 area

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Still not break yet, the top might be retested.

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I think the previous top needs to be broke before heading south. See what the weekly close will be tomorrow.

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We have the new high, now it's bear's last territory.

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Looks like weakness is generating, let's see if the trend is broke this time

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Now could be a short setup
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Toland888
So, the trend is about to change? Do you watch CNBC? RBC Capital Markets' Helima Croft explains why crude oil will get way more expensive this year.
pparmy1991
@Toland888, I am bullish in long term. I just don't think 47 is the current bottom.
Toland888
@pparmy1991, Where do you see this bounce go?
pparmy1991
@Toland888, Probably 53.3-53.4 area. If that breaks, we may see 55+. Buy or sell at the current level is not suggested in my opinion.
Toland888
@pparmy1991, Thank you for your advise. I am thinking about if I should close my HOD.
pparmy1991
@Toland888, You are welcome. I didn't trade futures, just practicing chart reading techniques for now. You could take half of your profit and put the rest as break even. Or if you bought below 51.60, take profit for half of your position. Set the stop loss at 51.60 and let it go :)
Toland888
@pparmy1991, Why don't you think 47 is the current bottom?
pparmy1991
@Toland888, Actually I don't watch news a lot. My view of the current oil situation.

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