FX:USOIL   Crude Oil (WTI)
5939 56 78
I've started to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Energy trade X.

I moved 10.000$ starting capital+10.371$ profit and the rest of the opened positions:
100 ERX long 24,17$
100 ERX long 27,76$
100 ERX long 27,93$
50 ERX long 28,22$
1000 ARP             long 0,8$

Comment: I'm going to play OIL's possible daily cycle top with a small short position:

Selling 100 US Crude August 2016
Price: 49,69
TP: 44$
Comment: I might take profit on ERX positions today or tomorrow.
Oil looks topping to me.
Comment: Selling 100 US Cude August
Price : 51,70
TP : 44$
Comment: Selling all ERX positions (350) at 31.82.
Comment: Total position:
1000 ARP long
200 US Crude August 2016 Short
Comment: It seems that ERX exit yesterday was a good idea. We jumped out near to the top.
I'm planning to reenter into ERX when oil prints the DCL. (ERX at 26$ maybe?)
Comment: As this level is a possible spot for the DCL.
Closing 100 US Crude August at 47$.
Comment: I will set a stop at 48.1$ for the 100 US crude.
I don't think we should break above the crosing 10 & 20 EMA.

We are bouncing and RSI left overbought if we hold this the DCL is done.
Trade closed: stop reached: I didn't update oil but we reached the stop.
The August oil was stopped at 48.9 on my account yesterday morning when we had the swing
Comment: Profit/Loss Calculation

100 ERX 24,17 ---}31,82 765$
100 ERX 27,76 ----} 31,82 406$
100 ERX 27,93 ---} 31,82 389$
50 ERX 28,22---} 31,82 180$

100 USOIL AUG 49,69---}47 269$
100 USOIL AUG 51,7 ---} 48,9 280$

2289$ profit

Energy trade total capital:
20.371$ + 2289$ = 22.660$
Comment: Moving on to Energy trade 3
It will be a NatGas short
WIll post in 5 minutes.
Do u have plan to sell ERX recently to avoid oil going down to 45?

what is the SL?
50.2? My problem is that price is clearly suffering now. Cannot run to new highs without a healthy correction.
If we break above 50 and tag 51 the correction will come ...
+7 Reply
Benztownguy chartwatchers
ok, i`m in now with you: short @49.72 with SL 50.22 and TP 44.05
Benztownguy chartwatchers
Hi Arpi, I guess you are still holding here, i got in exactly with you. I moved today my SL to 51.2 . Are you using a similar SL?
Hi Charts sorry for my stupidity but that means you are still thinking that we have to fall down to 44$ in a short time?
chartwatchers PRO guidorizzato6969
Yes. 5-8 days
+2 Reply
Do you think that it's good enter in a short position today or it's better to wait for next days??
Can i enter short now ?? Price : 49.70 ??
uwti dropped suddenly. will see whether it is false drop
Arpi, I can't understand why you long ERX instead of ERY ?
And it's still worth to long ARP @ 0.34$ ?
Hi Arpi,
I noticed that you are trading August 2016 why not July while it is still open ? (sorry if this is a basic question),
my broker is offering Aug06 now @$50.17 while Jul06 @$49.68
July is ok as well.
+1 Reply
watsonzou26 chartwatchers
Thanks for sharing.
what's your price target for ERX?
Good short level? Because somebody is playing with us about oil... 50$$$...
LONDON (Reuters) - Crude oil in London is moving close to seven-month highs thanks to the lowest level in almost a month of the dollar and the fall in production in Nigeria caused by a wave of attacks on the infrastructure.
News that create havoc in this crazy market
Is there a sl for the short position we opened yesterday? Can you please update and guide us on this latest situation? Thanks
+1 Reply
avento curiozeta
Stop loss was at higher high, and it has been hitted already.
Do you mean 49.50? or 50.20?
avento curiozeta
50.20 of course.
p.s. My friend, if you ask such questions, it means that you are pure beginner. Don't get me wrong, but I strongly recommend you not to trade with real money at this stage. Believe me, it is better not to haste!
Actually, I assumed it was 50.20 too, but his sl last Friday was 49.50. I'm not sure he has closed his positions at 50.20. If so, I must have missed it.
what a great advice for you curiozeta. I mean come on
babak_eng babak_eng
The guy Clearly says Opened short 49.69$. How is that possible he has SL at 49.50$??? Maybe I am dumb. oh lord
True. I'm still short. Low leverage. Even if it pops 10$ the loss is 1000$.
And we will see 45-46$ for sure this year.
+1 Reply
chartwatchers PRO chartwatchers
So I will have profit on this trade. The question is when.
ma.sanjuy chartwatchers
hi. Arpil... the lot size is 1000 barrels, means for every $, the loss or profit is $1000/- ... for $10 move, the loss/profit would be $10,000/- ... i am confused. pl advise what is the lot size you trade with?? are there options for smaller lot sizes in CME ? rgds
hi chartwatchers! any update? i am short here too, no stops
watsonzou26 LalitGurnani
if oil breaks up 50.90, i do think next stop will be 60.
nbn007 PRO watsonzou26
chartwatchers sold the oil and lost his track..
Still long in ERX. Today it broke to new highs.
Any update please? BCO have already hit 51, still holding short? 51 price hit my channel line
Actually I hope it can drop to 48-49 , but it is no any details show it can drop now.
Do you think there are some news can make it down ?
Hi chart..can you post news about oil?? Are still sure that oil must go down before run to new highs??thanks
I think shorting in oil until August is a risk.
hi chart...can you give an advice? i'm short from 49.80 but seems that oil doesn't have strengthfor go down....do you suggest to sell my position or wait?thanks a lot
Careful! OIL could push all the way up to $56 before retracing. Baby bulls are unstoppable!

Good morning, any updates on OIL?
Can you udate about gold plz?? :)
Why you are buying ARP if you believe the oil will drop? APR should drop too. right? thx
51,7$ that's ideal point, but I don't have nerves to short crude.
TP is very appealing to me, maybe finally will buy it on 43,5$ level.
Nice call CW !
sorry to ask a basic qn... what's ARP? when I search I get Atlas Resource Partners.
Right is is Atlas Resource Partners.
Cheers~ I sold my ERX yesterday as well. waiting. and buy some oil ETF shorts.
+1 Reply
Arpi, shorts got taken out by Sl last night and I missed this first move down. Would be great if you find it advicable to jump in somewhere, since it's such a big move!
+1 Reply
I'M planning to add if there is a pop. Just watch the energy trade. You can join the long side in 5-8 days. So dont worry.
I disagree, we must see 44$ :p. No, but seriously I think with this dollar strenghten, would be a day more, tommorow will be good day a final decline and till brexit should hover near lows.
So do I understand you correctly. In your analysis DLC for oil could be 44 or 42, but because it COULD also be here around 46 you are choosing to close your ERX positions for safety. ? Is this correct?
Greetings friend. We bounce of 50 EMA area. Do you think this could be bottom? How far up would we need to spike up to validate bottom in and ready to go higher? Where is next stop down if we continue?
Are you speaking about approximately 50 days cycle?
50-60 trading days/ daily cycle
dp chartwatchers
Thanks. Hidden daily divergence spells DC too.
Morning Sir! I think we may have a pullback to 49-50 and then a decline to 40-43. They made 5 figures down in 8 days, I had spreads of 5-6-7 Cents on WTI and up to 10 Cents in Brent. Don´t think many people are trading oil now but the sentiment is still highly bullish...
On another side, there should be one last play for Brexit. Even if on a weekend we have the news. There should be a sharp decline and then an ascending. Same as Doha stuff but probably with even bigger movements up and down....
What is your future projection on oil?
+1 Reply
Do you think OIL will continue to rally here, or just a short-term bounce?
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