Oil, very tempting but ... Long

Crude Oil (WTI)FXCM

Description

⋅ Nov 13, 2018 8:42 PM

Oil prices has collapse today and return to the top of 2017 range. Although one could be very tempted to buy that dip, I would like to see positive divergence before. One small position here.

Trend Analysis

Comments

johnmknox

⋅ Nov 14, 2018 5:46 AM

You believe that going against the trend and buying what you believe to be the dip of a bloodbath is a good idea?

SebMartel

⋅ Nov 14, 2018 1:36 PM

@johnmknox, That is why I said small amount here and add on a positive divergence. But OIL is up 2% this morning so...

Sniper71

⋅ Nov 13, 2018 8:45 PM

Smart thinking,

johnmknox

⋅ Nov 14, 2018 5:46 AM

@Sniper71, It is smart to go against the trend?

SebMartel

⋅ Nov 14, 2018 1:37 PM

@johnmknox, there is an end on every trend

Sniper71

⋅ Nov 15, 2018 1:20 AM

@johnmknox, No its not smart at all to go against the trend. I guess I should have clarified that I thought it was smart thinking when he said he was taking "one small position here."

kate25

⋅ Dec 13, 2018 8:24 AM

@johnmknox, chart