OIL - Green light for shorts?

FX:USOIL   Crude Oil (WTI)
2610 10 65
I have good news for trapped shorts. It seems to me that you will be able to ease the pain and close your positions in the following 5-7 days around 43$. We are on day 44 in the 2nd daily cycle. If we start to go down into the DCL this is the best time to do that or we don't have a 3rd daily cycle...

We still have the MACD and RSI divergencies.
We are crawling on the 10 EMA . Usually this forecasts of a breakdown of the 10 and 20 EMA . If that happens we will be heading immediately to the 50 EMA .
If that happens I think the DCL will be printed between the 50 & 200 EMA .
In an extreme case we might tag the 10 EMA also. I might open a very small short position in the Energy trade tomorrow at market open with a tight stop above 49.50$.
Nice, have about the same idea for Brent, in hope that Janet will satisfy the hungry bears)
BRENT SHORT @49.82  TGT 48.07/45.08
+1 Reply
interesting to see both oil and gold could both fall in synchronicity....
same view
Thank you on this one..Im concerned that oil hasn't peaked....the volume at 50 was weak..feel like the market stopped at 50 because its a nice round number...I think there may be a twist in the tale here..usually when a cycle ends its more obvious...big volume and shooting star candles...could this be a left shoulder forming before the final push up to 51-52?
Thank you verymuch for the update and good news. I'm one of them trapped at 40s from Doha. And everytime I decided to open a short poisition to meet halfway, or long poisition to somehow hedge oil tricked me. So now would you suggest I open a short position tomorrow as well with sl? Or what is the safest point to go short and then close all shorts? Sorry about all the questions. Thanks a lot for your time and guidance.
saif12 PRO curiozeta
I think if you go short now, you will be toasted even more, I suggest to wait few more days, Oil does not seem that it is going down. non of the time frames show that oil will go down. it is just my analysis. Good luck
Thanks, hope it does go down soon, or I really am toasted as you put it.
Hi is it time to go short until 43/44 before re-enter with a long position??thanks a lot
Nice, hoping to see some more short-term upside though, 55 is my preferred entry. Will be loading up on shorts between 50 and 55...
Crude OIL (WTI) weekly: Nice short trade coming up?
I was thinking about this and it seems to me that they will rather let it rally to 60 and try to push it downside on this resistance like they have done before. It could be done in July if fed will raise rates in July of course. Do you think it is possible ?
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