TradingView
flavio.arruda
May 13, 2016 7:53 PM
Divergences
Short
NYMEX:CL1!
1D
Crude Oil Futures
NYMEX
Description
⋅
May 13, 2016 7:53 PM
Divergence between
CL1!
,
INDEX:XOI
and
NYSE:PBR
. Very bearish for PBR, PBR.A, PETR4. Long (XOI) & Short (PBR) may be interesting.
petrobras
PBR
Crude Oil Futures WTI (CL1!)
Oil
Comments
tbuckle
⋅
May 13, 2016 7:59 PM
Sorry for my ignorance but what is XOI. Is your call for higher oil or lower?
flavio.arruda
⋅
May 13, 2016 8:03 PM
XOI it's the index of Oil and Gas US companies. It's a bearish call for PBR in comparison to other US oil and gas companies even if Oil goes up.
flavio.arruda
⋅
May 13, 2016 8:05 PM
My personal forecast is neutral for CL1! in the short term.
tbuckle
⋅
May 13, 2016 7:55 PM
What is the point? Short oil or go long?
flavio.arruda
⋅
May 13, 2016 7:56 PM
Short PBR & Long XOI
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