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IvanLabrie
3 Th01 2017 17:44

USOIL: Top is in? Giá xuống

WTI CRUDE OILTVC

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I'm fairly certain we're seeing an intermediate term top in oil here. I'm short, via a 3% long position in SCO. (I'm also long USDCAD, USDMXN, USDNOK)
I'm open to going long again, but I think we'll see profit taking a rapid decline next.

Risk a new high, 0.5% exposure and off you go.

Cheers,

Ivan Labrie.

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Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.

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Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.

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Top WAS in. We had shorted last Thursday but I didn't get to update on time.

Giao dịch đang hoạt động

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Keep a stop at entry price and close half the position.

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Top was in...
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JRFreeze
What you thinking here Ivan?
IvanLabrie
@RJHumphries, posted an update. It's a very difficult period, nothing's making sense and correlations aren't working logically anymore. Oil does have some inherent risks up here, mainly OPEC related, but it could still grind and chop sideways instead of trending up or down with any conviction.
RobbyWestHouston
We should see below 50 on this move...before turning up... my view on oil
IvanLabrie
@RobbyWestHouston, yes, possibly 47, but it's not too clear.
cuyunyan
TP?
IvanLabrie
@cuyunyan, better reduce exposure, and keep a break even stop. It is uncertain now.
koryu
I see $52 changing from resistance to support, with confidence in this bottom there can be another rally

cuyunyan
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