LEONES
Short

Crude Oil WTI over-supply - 2nd

NYMEX:CLQ2013   LIGHT CRUDE OIL FUTURES
212 13 1
Entered too early and got stopped - Retry tomorrow. The market could start a sharp sell off on the 2nd or 3rd of July. 96.00 would be my entry point with first target objective 91.50. Crude Oil             has retraced to an interesting Fib level from the last pivot low (92.67) and is currently trading close to the downward sloping upper parallel. 'Voices' that the market is over supplied. Weekly chart snapshot here
snapshot
A video from the Commodity week in Dubai to make it more interesting http://marketing.platts.com/content/ACEM201306-commodity-week-dubai?mvr=vancw&sf449684=1
LEONES PRO
3 years ago
Crude trading higher - study not valid anymore
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QuantitativeExhaustion PRO LEONES
3 years ago
yeah watching for OVX signal just under 20.00 before I buy puts
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knock
3 years ago
Well, here we observe another breakout of pitchfork's resistance. I am always curious why pitchfork is a popular charting tool that every charting software offers it. To me, it's essentially a limited channel tool, but looks very nice without doubt. Anyway. /CL reached its peak today IMHO, and I opened short.
snapshot
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LEONES PRO knock
3 years ago
It could a a good idea but, Why did you short there?
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