LastBattle

Patiently awaits for a long entry in WTI

FX:USOIL   Crude Oil (WTI)
208 10 15
Any range between 36~38 would be a prefect entry here with no more than 3x leverage. Based on the trend-line since the start of 2015.
Doom takes time, and the market will not just go down vertically :D

I think we've had enough for this round... It'll be a good time to squeeze some shorts accumulated since the start of June before going into $20 oil             .

UWTI:
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To reduce the risk of contango, RIG and SDRL             would be a good bet on the bounce too.

SDRL - possible 20% more to go.
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RIG is currently near 1994' support.
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1st: the bad part weekly candles are still making LL, LH
2nd: the bulls had their track and field shoes ready to sprint like Bolt
i do see potentail bullish divergence on weekly... though price could still go lower
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+3 Reply
LastBattle PRO jangseohee
yes it could still make a new low.... i've orders waiting to take a position
+1 Reply
i see that smart moneys are building up position in Ezion, Ezra, Keppel Corp, Vard...
+1 Reply
LastBattle PRO jangseohee
Agreed...
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That falling wedge is big man...
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+1 Reply
Yahia.Awes Yahia.Awes
Shorting untill 37.
+1 Reply
Yes! I like it ..tells the story ...Good chart! Jangseohee... :)
+1 Reply
It's interesting for sure, I'm tempted to think usdcad has topped, but it's a long shot.
Crude might be turning soon if that's the case...otherwise it's really unlikely that my short works.
+1 Reply
so
if this channel holds through i project to see 33-34 which i did 5 months ago, i have people in oil room telling me, that channel is not valid.. which is why i answer YES
2 touches at resistance, and only 1 touches at support, hence i need another touch on channel support to Verify this channel ^_^

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oh if this breaks loose,
that will be 22-24
CL1!, drop to channel bottom?


ultimately we need at least i wick/beard from below for long ^_^
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IvanLabrie PRO jangseohee
We might have a reaction eventually, but really hard to predict.
I'm trying an usdcad short, but I don't think it's the actual top...worth a shot though!
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