Just as I posted in my last private idea powers are fighting tooth and nails against this decline. We have a clear level where they are trying to prevent oil from further falling: 47$.
But after that 3 month of never ending consolidation it's not possible. They will need to change their advisors to manipulate this market successfully because it's going to fall again.
The panic selling will be activated at breaking 47$. Target: 42$.
NEW SHORT ENTRY
Comment
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I'm adding to the short position here. The key is still the 50 EMA.
Trade closed manually
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Comments
MassimoMattioli
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Hey Arpi,,,seems hard to fight against manipulation,,,
@nbn007 I got out on Friday before Market close.. I'm not that stupid bro :)
WeeklyTrader
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People lose money because they follow. From 47.72 to 50.52, who can survive this short?
imfor2014
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@WeeklyTrader, Any one can survive once they read main part of trading concept - money management. In short - never place orders which lots more than 10% of your deposit.
shares9k
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@chartwatchers Hi Arpi, Are we adding to our position at 50's? thank you
bertcoin
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Looks like it wants to get to your original $50 to $51 target price to go short....