There is strength though. The oil has move a lot already, but i think it is still a good entry. A close above 54.47 can take it to 60.
Comments
Larry003
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Good chart, fundamentals play a part in the pricing and push the price around. Flushing inventory levels could push this lower if are higher than forecast.
seine
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definitely, fundamentals always play their part in any market :)
mohamedrussel
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DEAR
WHAT HAPPEND DOWN TO 50.77
IS IT GOING DOWN OR UP???
mohamedrussel
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I ALLREADY BUYED AND MAKE THE TARGET TODAY IS MINUS ---- ----- ---- IAM VERY SAD
seine
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if you are wrong, get out.
mohamedrussel
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MARGIN CAL
seine
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sorry man. don't use a lot of leverage. only risk the amount you are willing to lose.
CoreyInvesFB
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At what point did you buy? It was easy to sell after price got rejected at 54. Looking at other charts you could see that it had happened before.do your homework before make a buy or sell. If not this is not for you.
seine
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Yes, I totally agree with Corey. Always plan before you enter. at least determine the level you will get out if you are wrong and never never take heavy leverage. That is just a plan to blow out your account. Think about putting small bets in different stocks, commodities, currencies, etc instead of getting all in in one position. Even if most of those small bets are wrong, the winners should give you a net profit. If that is not happening, you would need a strategy that can give you that. To remove disposition effect (unwillingness to take in loss when you are wrong), simply put a stop loss.