Adding to a prior short now scaling-in to maximize position size. Oil is about the lone remaining holdout of all the commodities primarily due to current supply/production issues. I expect this will not last forever. The macro theme is deflation at the moment, and on top of that the pattern is setting up for a nice drop. Could we still move higher, of course, but in a period of deflation, I do not expect oil to hold these levels. Something will change, it always does.
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SL going in on part of position 93.05
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Back in to the small portion from the prior SL and rolled entire position.
@Mohsenmirzaei16, this is not intsagram 1k followers doesnt matter here its all about reputation post comment meaningful things n u will be followed easy as that
CarlRSapp
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Lol
watchtrend
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@Bekiumuzi_Dube, Nice chart, the same expecting have also for BTC
theroadtoprofit
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@Bekiumuzi_Dube, Let me know if they get back to you I was hoping my analysis was featured as well.
Sinex
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@Bekiumuzi_Dube, And posted the sane thing before that. The thing is nobody cares. People inly care about confirming their own biases. Also I correctly charted this last bullish move past the 93 resistance level. Check my charts. Not that anybody is watching listening or caring. It’s a lonely business being right. But I wouldn’t have it any other way. Even here on these forums where there is more competency Im still mostly on my own train, very few mirrors, but that is to be expected
Vibranium_Capital
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Oil puts just crossed my mind then I see this! The stars are aligning 💀
ataymor
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On a macro level, I think at best you'd be looking at a short term bullish pullback before oil rips well over 100 dollars a barrel. Id be realllllly really careful shorting crude here.