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Short

CL1!: Looking To Short Off This Level #Oil

NYMEX:CL1!   Light Crude Oil Futures
594 10 8
Traders,

Looking to short off of this level.

Best of luck,
Tom
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Supply/demand fundamentals have only gotten more bearish since last Nov's OPEC decision. Other than technical bounces, IDK how you spin the bull case.
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TomProTrader PRO simonsays452
He's entitled to his own opinion- No harm done :)
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IvanLabrie PRO TomProTrader
Sometimes fundamentals fail at crucial junctures where there's a radical paradigm shift.
Might be the case, you never know.
Technically speaking, I'd be going long if we see 5 daily bars without new lows and a close above 45.21, and also a strong range expansion candle, a marubozu/engulfing breaking local resistance. Otherwise, no go for me yet.
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Thats a very time at mode biased view of the markets, not everyone holds this view.

Tom
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IvanLabrie PRO TomProTrader
Naturally...key: "for me".

Check out my updated usdjpy:

Would like to hear what you think.
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Buy oil :d
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Nah I'm a bear (For the second time)
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Bulish on oil , you should be buying :D
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Nah, I'm a bear, for the time being anyway.
+1 Reply
IvanLabrie PRO TomProTrader
Same view. Great work as usual mate.
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