Still not time for long oil Short

WTI CRUDE OILTVC

Description

⋅ Oct 31, 2016 5:19 PM

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

⋅ Oct 31, 2016 6:40 PM

First support reached

Comment

⋅ Nov 1, 2016 4:34 PM

support reaached see comment

Comment

⋅ Nov 2, 2016 7:59 AM

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

⋅ Nov 11, 2016 3:48 PM

43 coming

Comments

kizly

⋅ Nov 1, 2016 4:33 PM

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

veryevilone

⋅ Oct 31, 2016 8:50 PM

Oil could be going back to test $40 within next 14 days.

kizly

⋅ Oct 31, 2016 9:44 PM

I beleive it will not go below 43, but with OPEC you never know, the hedges have been made...