USOIL: expecting a retracement? wait for the similarity to work.
Too many people are expecting a retracement for USOIL, but there is a progress and it may not happen at all!
Mature traders should focus on the markets that are clear for them. I'm expecting a retracement as well, but the short trade in USOIL is not the major positions I'm holding.
Plus the US Stock Indexes are all rallyin up, short trade in USOIL is risky. Will only adjust the positions up when the Stock Indexes drop.
Too many people are expecting a retracement for USOIL, but there is a progress and it may not happen at all!
Mature traders should focus on the markets that are clear for them. I'm expecting a retracement as well, but the short trade in USOIL is not the major positions I'm holding.
Plus the US Stock Indexes are all rallyin up, short trade in USOIL is risky. Will only adjust the positions up when the Stock Indexes drop.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.