CL1!: Looking To Short Off This Level #Oil

NYMEX:CL1!   Light Crude Oil Futures
594 10 8

Looking to short off of this level.

Best of luck,
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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.
TomProTrader simonsays452
He's entitled to his own opinion- No harm done :)
IvanLabrie 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.
TomProTrader IvanLabrie
Thats a very time at mode biased view of the markets, not everyone holds this view.

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

Check out my updated usdjpy:

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