Daniel Urdaneta

Very interested on 35$ area short-term

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
262 3 2
OK, so here I'm holding a small long since thursday (via UWTI             ) and I'm thinking on selling it on the following days.. It's been fun, but gravity is strong with Crude Oil             since late 2014 and it's best to cash in on quick profits.

I'm more interested on the price action around 35$ (Last line of support before the capitulation wave of early 2016). It's also around the 2008 lows. It should be a make-or-break moment for crude oil             futures , and the fundamental picture strongly suggests oil             has a bit more to lose before recovering. Let's see how it goes.
glennjoy1 PRO
10 months ago
Hi Daniel I am also long and looking for a target around 35. It's a bit of an ask but it might get there. I should go against my system here and move my stop to break even. Normally I would trail the stop with the lower (Bollinger band but it is actually diverging away from price action and I am 3k in the black so I don't want to lose from this level.
snapshot
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glennjoy1 PRO glennjoy1
10 months ago
Sorry I meant 2K in the black
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Daniel Urdaneta glennjoy1
10 months ago
I hope you realized those black numbers :) I closed my UWTI long yesterday, let's see how this goes from now.
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