darth.stocks
Short

Crude: Oversold on high Volume

NYMEX:CL1!   Light Crude Oil Futures
379 6 5
Really nice for LT             investors... I was hoping that such a selloff would happen after Algier Meeting some time ago. We have oversold RSI and Stochastic and a high volume . I guess commercials net short % positioning from Tuesday will be in the rand of 17-18 % (we see it Saturday) and next week back to 14-16%. I currently hope for a correction till 42-43 Support Region till Tuesday. Than we should expect quite a strong rebound...
Comment: Crazy Situation on Friday Europe close... SA threatening to increase production... SA denying to increase production... SA threatening again... 1 $ in 10 min increase of WTI on deny of increase. Just imagine what will happen if we get a production cut. Dangerous situation for shorts.
so stay short till 42/43 ??
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I closed my trade after having reached 45... But I guess a good long entry should be at 43.
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Buy at 43 and s.l. little lower then 42.00
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Nice chart Darth!

A question, what kind of scale is it on your chart that range from 74 to 90?
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darth.stocks coolingla
HYG...
Crude: long till 47-48

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coolingla PRO darth.stocks
Thanks.
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