Oil Rebound into $40s

ICEEUR:CB1!   Brent Crude Oil
35 0 0
Long oil             has been an interesting candidate, a contrarian one, and definitely risky with the heavy momentum the downside has seen. Perhaps there is still much more to go, but I do like the idea of a long at current levels, adding to the position between $32 and $30 levels with a stop below $27.50 lows set this year.

While the current bounce is more profit taking and short re-positioning at higher levels, I think the rebound is not complete. We will continue to see support from the CBs             and will most likely get back above the $40 range before possibly, and I do emphasize "possibly" make lower lows as the system begins to unwind as economic problems will remain into 2017.

Long at current levels with proper risk management could turn this trade into a winner.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out