LastBattle
Long

Oil is doomed?

FX:USOIL   Crude Oil (WTI)
From a purely technical perspective I think we're incredibility close to a short term bottom now, even with a lower low in the weekly it is still printing a bullish divergence in the RSI here.
Currently, geopolitical factors plus the record short relative to longs position are a huge tail risk as seen today from the US EIA             oil             inventories (-3568K vs +1300K expected). Mainly a short covering event.
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Keep a lookout for some reaction once oil             hits $32. It could be a huge buying opportunity for UWTI             or CL1!             $44 call options.
Until then, the stage belong to the bears.

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Double bottom here, hell if it breaks lower.
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Shared with my fellow traders via pm, but this was/is my bigger setup
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Yahia.Awes Yahia.Awes
The HS pattern became a fact and it broke down the neckline like I suspected it to do more than 2 months ago :)
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Dollar retesting breakout, this will go up once again...
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It will rally HARD once it starts from these levels, sitting on my hands and monitoring for best entry
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