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MattArmstrong
Oct 13, 2021 7:48 AM

WTI | USOIL - Short Discussion.  Short

WTI CRUDE OILTVC

Description

I have highlighted a setup looking like a correction in WTI, it's been an amazing ride indeed!

Manage risk.
1% Risk 2:1 RR
Comments
jojofang0901
I do see similar view on UKOIL also. Good breakdown thx
MattArmstrong
@jojofang0901, well thank you! and thanks for the comment and collaboration.
TradingView
Interesting Idea!
MattArmstrong
@TradingView, thanks TV!
JRSone
Remaining long since contango fiasco in April of 2020. Fundamentals are just too strong at the moment, with heightened demand and reduced carrying capacity for transport (i.e., port back-ups, European barges being forced to carry lighter loads as a result of the low water level in the Rhine, energy shortages throughout Europe and China). Will be keeping a close eye on price action for a reversal though!
MattArmstrong
@JRSone, agreed, scalp and quick to break even for me
SAVARGA
ok 👌 on n a kk I'll BB uh ir to ok hub.
FUNTRADER-Vera
Till 85 from mine idea.
MattArmstrong
@FUNTRADER-Vera, no one ever actually knows, probabilities and thanks for the comment!
MBMG2021
Correction first before another surge
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