TomProTrader

CL1!: Will Shorts Continue Into Downtrend Territory? #Crude

NYMEX:CL1!   Light Crude Oil Futures
683 7 12
Traders,

Been short in Oil             for a while now, we have hit a potential target for this short so we must take heed and see what price does here.

Scenarios are:

1:We bounce off this level, come up a little and get an opportunity to short again, anticipating we break the downtrend territory level this time
2: We break below the downtrend territory level, and retest the downtrend territory level and get a short opportunity again
3: Price begins a new agenda after realising this level we're at now and begins another trend.
4: Oil             goes to 0, and we spend the next 47 years pissing in pots we find in the streets wondering why the hell we even tried speculating on oil             prices.

Best of luck,
Tom
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It's Official!. Downtrend Territory ;)
Reply
TomProTrader PRO moorekapital
Yep, it's ashame that outcome 4 is still on the cards though ;)
Reply
TomasF TomasF
snapshot

Reply
4, all day, everyday mate.
Hysterical hahaha
Great chart.
+1 Reply
Thanks Ivan :-)

I'm happy we are able to engage with each other, despite previous conflict.
I appreciate your comments, and your criticisms

Thanks
Tom
+1 Reply
IvanLabrie PRO TomProTrader
Hey what are friends for? ;)
Cheers!
Reply
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