Short-term-king

Ready to short crude oil

Short
Short-term-king Updated   
TVC:USOIL   CFDs on WTI Crude Oil
There are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears.

It was mentioned in the article shared yesterday that once crude oil is established to be effective in breaking below the 70 mark, it is likely to fall further below the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2, 2021. Near the position.At present, since crude oil fell below the low of 72.3 in the shock range, it has fallen sharply again. The lowest has reached near 65.6, and there is only room for 3 US dollars from the low of 62.46 on December 2, 2021. Now the short market is very strong, even in a small cycle, after a short pause or rebound in the falling market, it will choose to fall again, and the bulls have no resistance.Therefore, the current thinking about crude oil is still based on emptiness.

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Comment:
Crude oil rebounded to 68.6, the first line can be shorted in small batches
Trade active:
Crude oil, enter the market with an empty order near 68.8
Trade active:
If there is no breakthrough at the 70 line, the market should fall back
Trade active:
Crude oil is currently falling back, we can continue to hold the short order around 68.8, waiting for profit
Trade active:
Crude oil is currently falling back, and the empty orders around 68.8 can continue to be held, waiting for profit
Trade active:
Crude oil targets around 67.5 can take profits in batches
Comment:
Crude oil reaches a minimum of around 67.7, and there is still a space of US$0.2 from the expected take-profit position of 67.5
Comment:
Did you take profit on the short order above 68.8?
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