kizly
Short

Still not time for long oil

TVC:USOIL   Crude Oil (WTI)
55 3 0
Free fall till support - 46,50-46,50 or even to support line at 46. xx            

I wouldn't short now. Who is not on train now it is too risky.
Comment:
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First support reached
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support reaached see comment
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Long term support still holding but I have the feeling if EIA confirms API free fall to 43 range can begin.

I might open DWTI position with SL app. 46,50 - but after initial spikes. It could be "spiky" EIA today, algos could go nuts
Comment: 43 coming
Oil could be going back to test $40 within next 14 days.
Reply
kizly veryevilone
I beleive it will not go below 43, but with OPEC you never know, the hedges have been made...
+1 Reply
snapshot

Second support reached. If the API and EIA are bad support could be broken and free fall to 43,xx opened
Reply
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