tradingpro
Short

Oil is heading downtown for next several months...

FX:USOIL   Crude Oil (WTI)
192 5 4
Heavy inventory built.
Production is boosted by all major crude producers.
Low winter demand.

Related Ideas

saif12 PRO
20 days ago
Man, you are reading the exact opposite.!
+1 Reply
AngeloPascucci saif12
20 days ago
@saif12, why do you said it?
Reply
saif12 PRO
20 days ago
look at your curves, STOCH need to reach 80, RSI need to reach 80. which means the price will go to 48-50, then it will reverse back down to low forties, before a major boost.
Reply
tradingpro PRO saif12
20 days ago
@saif12, I am not sure what you meant by STOCH , RSI NEED TO REACH. these indicators move with market dir. In a downturn they won't hit oversold or overbought levels for months. This is not me getting it wrong or right , it all based off supply and demand.
Reply
saif12 PRO tradingpro
20 days ago
Hello my friend, As you know, there is nothing certain about the market, each person read it in different way. otherwise everybody will get rich. Yes search STOCH and RSI among many other indicators.
We all hope to be right in our decisions, but it does not work all of the time. As long as the right predictions are more than the wrong ones, then I am OK. I know I can not be right all the time, I have been studying curves for the past 10 years, and still learning. So good luck and trade with care
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